Launch of a Business Alliance to Boost Competitiveness and Develop the Capacity of SMEs in the ASEAN Region

The US-ASEAN Business Council, through its ASEAN Committee led by Procter & Gamble, UPS, HP, GE, and Microsoft, launched an innovative public-private partnership with USAID to expand support to SMEs in ASEAN. This partnership will build on the Council's widely praised SME training program.

Launch of a Business Alliance to Boost Competitiveness and Develop the Capacity of SMEs in the ASEAN Region

The U.S. Agency for International Development (USAID) and the US-ASEAN Business Council signed a Memorandum of Understanding (MOU) to create the US-ASEAN Business Alliance for Competitive Small and Medium Sized Enterprises (SMEs). The Business Alliance will combine the efforts of USAID and major U.S. corporations to boost competitiveness and develop the capacity of SMEs in the ASEAN region. The Business Alliance will use training programs, mentorship opportunities, and cloud technology to support SMEs in five key areas: access to finance, access to regional and international markets, human resource development, access to information and advisory services, and access to technology and innovation. SMEs are the backbone of the ASEAN economy accounting for more than 96 percent of all enterprises, while employment is somewhere between 50 to 95 percent in many ASEAN member states. Strengthening the capacities and capabilities of SMEs in the ASEAN region are among the highest impact interventions that can be made to accelerate growth and advance the interests of the ASEAN Economic Community (AEC). The ASEAN Connectivity through Trade and Investment (ACTI) project is a public-private partnership designed in collaboration with Nathan Associates, USAID, and the US-ASEAN Business Council.

Partners

  • General Electric (GE)

    Development Consulting, Service Providers
    United States | Staff size: 26-50

    GE is a diversified infrastructure, finance and media company taking on the world's toughest challenges. From aircraft engines and power generation to financial services, medical imaging, and...

  • Microsoft Corporation

    Development Consulting, Service Providers
    United States | Staff size: 10,000+

    Microsoft provides support to communities in three ways: technology skills training, strengthening nongovernmental organizations through technology, and engaging our employees in their...

  • Procter & Gamble (P&G)

    Goods Supplier
    United States | Staff size: 10,000+

    Procter & Gamble Co., also known as P&G, is an American multinational consumer goods company headquartered in downtown Cincinnati, Ohio, United States. P&G is the world’s...

  • Hewlett Packard (HP)

    Goods Supplier, Service Providers
    United States | Staff size: 10,000+

    Hewlett-Packard Company (HP) Is an American multinational information technology corporation headquartered in Palo Alto, California, United States. The...

  • United Parcel Service (UPS)

    Service Providers
    United States | Staff size: 10,000+

    UPS is the world's largest package delivery company, in terms of revenue and volume, and a global leader in supply chain solutions. We deliver packages each business day for 1.8 million shipping...

  • United States Agency for International Development (USAID)

    Funding Agencies
    United States | Staff size: Unknown

    USAID is the lead U.S. Government agency that works to end extreme global poverty and enable resilient, democratic societies to realize their potential.

    U.S. foreign assistance has...

  • Nathan Associates Inc.

    Development Consulting
    United States | Staff size: 101-250

    Nathan delivers creative, viable, and defensible analytic and economic solutions to improve people’s lives in the developing world. Nathan has been working in the international...

More Resources

Key Information

LocationEast Asia and Pacific, Viet Nam, Thailand, Singapore, Philippines, Myanmar, Malaysia, Laos, Indonesia, Cambodia, Brunei Darussalam
StatusActive
  • Start Date 2014
ValueUSD 600 Thousand
Sectors