Micro, Small, and
Medium-sized Enterprises (MSMEs) are the engines of many economies,
particularly in Small Island Developing States (SIDS) like Grenada. However,
for these vital businesses, importing and exporting goods is often a real
struggle, feeling complicated and overwhelming.
In a recent video
presentation, part of the UNCTAD Empowerment Programme (which includes training
in effective communication for National Trade Facilitation Committee members),
Eudine Louison from the Grenada Chamber of Industry and Commerce shared valuable
insights on how to help MSMEs overcome these challenges.
Eudine highlights the
real obstacles faced by MSMEs. From confusing documentation requirements and
the need for multiple agency approvals to unexpected costs at customs, these
challenges can be significant deterrents. She notes that MSMEs often voice the
same questions as, "Where do I start?", "What forms are
required?", and sometimes, with frustration, "Why didn't anyone tell
me this before?". Such situations can lead to delays, overcharging, or
even goods being turned away, causing financial harm and impacting market
confidence.
This is where trade
facilitation becomes a crucial "game changer." By simplifying customs
processes, introducing digital platforms (like single window systems), and
offering centralized information and tailored MSME support, governments and trade
agencies can effectively remove many of these pain points. As Eudine puts it,
these are not just aspirations, they are real tangible actions already making a
real difference in some regions.
Supporting MSMEs in
trade is especially vital for small islands like Grenada. As the economic and
cultural backbone driving employment, these businesses (from cocoa exporters to
local fashion brands) benefit significantly when their trade is streamlined.
Efficient trade for MSMEs fosters not only economic growth but also innovation,
regional integration, and community resilience.
Moving forward, Eudine
emphasizes three key areas:
- Investing in training and resources to ensure MSMEs understand and can navigate trade rules.
- Fostering stronger collaboration between public institutions and private sector bodies, like the Chamber of Commerce.
- Creating
inclusive trade policies that intentionally support the success of small
businesses.
Ultimately, she reminds
us, "Trade facilitation is not just about paperwork, it is about people.
Let's work together to make trade work for everyone."
This success story is part of the Accelerate Trade Facilitation Programme, a flagship initiative that has been widely praised for its impact in building capacity and supporting inclusive trade reform. Eudine Louison gratefully acknowledges the financial support of HM Revenue & Customs of the United Kingdom of Great Britain and Northern Ireland (HMRC), which has made this programme possible.
Eudine Louison
