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EU, aid to SMEs to grow internationally: China, Russia and India are opportunities

The European Commission is studying a strategy to allow EU SMEs to go beyond the continental borders and conquer the markets of emerging countries. “Small and medium enterprises – said the vice president Antonio Tajani – are the strength of Europe, and they must take advantage of this opportunity”. Currently, only 13% are active worldwide

EU, aid to SMEs to grow internationally: China, Russia and India are opportunities

Brussels, 9 Nov - The European Commission "is at work" to define a better support strategy for European small and medium-sized enterprises, so as to allow these same companies to contribute to the economic growth of the EU. The announcement comes from the EU commission itself, convinced as never before that SMEs "must take greater advantage of rapidly developing markets" such as those of countries such as China, India and Russia or those of regions such as South-East Asia and the Latin America. This is "a fundamental aspect to get out of the crisis" and to better enhance the 'made in the EU' abroad, he underlined Antonio Tajani, Vice-President of the European Commission and European Commissioner for Industry.

The European Commission, Tajani explained at the press conference, intends to guarantee greater credit support, develop better coordination tools and make use of already existing resources, including the Enterprise Europe Network, the network whose objective is to provide support to the entrepreneurial activity and business growth in Europe. This why currently only 13% of small and medium-sized enterprises across the European Union are active internationally across borders – and therefore of the markets – community. “The main non-European markets, those with the strongest growth rate – underlined Tajani – represent a great opportunity for European SMEs”. Small and medium-sized enterprises, he said, "are Europe's main economic strength", and for this reason we need to focus on them "to help SMEs better exploit their potential in the global arena", concluded Tajani, and "increase the competitiveness and employment” of EU countries.

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