|Published : 15 Apr 2017, 13:34:37|
UN selects 27 June as International Day for MSMEs
FE Online Report
From now on, every year 27 June will be observed as International Day for Micro, Small and Medium-sized Enterprises (MSMEs).
Last week, the United Nations General Assembly took the decision to recognise the importance of MSME in achieving the new global development goals, the 2030 Agenda for Sustainable Development.
In a resolution adopted without a vote, the 193-member body also requested all stakeholders, including Member States, UN entities and civil society organisations, to observe the Day, according to a press statement of the UN.
The UN resolution was introduced by the delegation of Argentina. The representative of the country stated that more than 95 per cent of enterprises in the world are MSME and they account for about 60 per cent of private sector employment.
International Council for Small Business (ICSB) actively lobbied for the move and provided different support.
Last year ICSB held its 61st Annual World Conference at the United Nations with representatives from over 55 countries in attendance.
In that conference, it also made a declaration about the urgent need to have a day to recognise the MSMEs in the development process.
In Bangladesh, MSME contributes around 35 per cent of the national economy, 75 per cent of job and 95 per cent of total enterprises.