Ministry of Economy, Trade and Industry
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METI Parliamentary Vice-Minister Seki Attended the APEC SME Ministerial Meeting

Mr. Yoshihiro Seki, Parliamentary Vice-Minister of Economy, Trade and Industry, visited Iloilo City, in the Philippines, from September 24 (Thu.) through September 26 (Sat.), 2015 and attended the Small and Medium Enterprises Ministerial Meeting of the Asia Pacific Ocean Economic Cooperation (APEC SME Ministerial Meeting). At the APEC SME Ministerial Meeting, Parliamentary Vice-Minister Seki presented Japan’s SME policies and emphasized the importance of SME finance in the APEC region.

1. APEC SME Ministerial Meeting

The APEC SME Ministerial Meeting was held under the main agenda “Mainstreaming Micro, Small and Medium Enterprises (MSMEs) into the Global Economy,” in which 21 economies participated. Parliamentary Vice-Minister Seki spoke about Abenomics, the economic policies advocated by Prime Minister Shinzo Abe to strengthen the earning power of Japan’s MSMEs, and presented Japan’s specific support measures for MSMEs.
Financing is a big proposition for small and medium enterprises (SMEs), and Parliamentary Vice-Minister Seki emphasized the importance of the following matters in the APEC region where supply chains are spreading: (1) Financing and management improvement support without depending excessively on collateral loans. (2) Development of an environment to allow financing anywhere in the APEC region. (3) Development of a financial scheme to respond to economic crises and disasters.
As the outcome of the SME Ministerial Meeting, a Statement of Ministers and the APEC Iloilo Initiative: Growing Global MSMEs for Inclusive Development were compiled.

(APEC SME Ministerial Meeting)

(Parliamentary Vice-Minister’s presentation)

2. Exchanging views with Ministers

During the interval of the Ministerial Meeting, Parliamentary Vice-Minister Seki proactively exchanged opinions with the ministers in charge of SME policies of the respective economies and parliamentarians of the Philippines.

(Exchange of opinions with Mr. Han Jung-hwa, Administrator of the Small and Medium Business Administration of South Korea)

(Chatting with Senator Paolo Benigno Aquino IV)

Release date

September 30, 2015

Division in charge

Office for International Cooperation, Business Environment Department, Small and Medium Enterprise Agency

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