Solidarity in Action: Empowering SMEs Through G20 Cooperation and Innovation

Synopsis: 

The panel explored how South Africa could position its SME sector to benefit from evolving policy landscapes, including supply chain diversification as businesses sought alternatives to traditional markets. The Minister addressed digital trade facilitation tools, including new technologies such as blockchain and AI, alongside innovative financing mechanisms such as export credit guarantees and risk mitigation instruments. The discussion focused on intra-G20 trade facilitation opportunities, South-South cooperation strategies, and capacity-building initiatives to help SMEs navigate complex tariff regimes.

The session concluded with future-proofing strategies for building SME resilience against trade disruptions, emphasizing regional value chain development and government support frameworks that enabled smaller businesses to thrive in an increasingly volatile global trade environment.

Speakers:
Ashor Sarupen, Deputy Minister of Finance, South Africa
Ethiopis Tafara, Regional Vice President, Africa, International Finance Corporation
Mohamed Gouled, Vice President, Industries, International Finance Corporation