Stakeholders Discuss The Way Forward For MSMEs

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Minister with responsibility for Small Business, Denis Kellman (FP)??

The Small Business Association and its regional counterparts have been advised to acknowledge the relationship between the manufacturing and services sectors when creating legislation for Micro, Small and Medium Enterprises (MSMEs).

This call came today from Minister with responsibility for Small Business, Denis Kellman, as he addressed a National Consultation on MSMEs, at Bagnall’s Point Gallery, Pelican Village.

The Minister pointed out that the "hybrid between the nuances of the manufacturing and services sectors" has not been represented in the National Small Business Act. He, therefore, cautioned the stakeholders who were attending the two-day consultation to "avoid any similar anomaly in any regional legislative initiative".??

Noting that the regional Small and Medium Enterprises (SMEs) sector is said to contribute to 60 percent of the region’s Gross Domestic Product (GDP), Mr. Kellman pledged his Ministry’s support in the development of a more enterprising sector.

He also stated that there was a role in the development of the business community through the Caribbean Single Market and Economy, which would be fuelled by the input of the Caribbean Association of Small and Medium Enterprises (CASME).

??"…The CASME as a regional institution will be that critical vehicle to help realise the benefits to be accrued under the CSME and, therefore, must be given the requisite recognition, respect, and unswerving support necessary to accomplish this heroic task," he stressed.

sharifa.medford@barbados.gov.bb

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