NEWS & ANNOUNCEMENTS

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THE ASIA-PACIFIC MSME TRADE COALITION (AMTC) PARTNERS WITH GO TO FURTHER EMPOWER & SUPPORT LOGISTICS NEEDS OF MSMES

On 8 January 2018 AMTC has signed a Memorandum of Understanding with the Get Go Global (GO) to support MSMEs in logistics management.

Get GO Global (GO) and the Asia Pacific MSME Trade Coalition (AMTC) are pleased to announce the signing of a memorandum of understanding (MOU) to promote the adoption of online logistics services in freight forwarding and warehousing for MSMEs (Micro, Small and Medium Enterprises). As part of the MOU, GO and the AMTC will co-create initiatives to encourage MSMEs across the region to digitalise their supply chains.

As part of the MOU, the AMTC and GO will carry out a digital logistics awareness and adoption program targeted at small businesses.  The joint program will highlight the benefits of easy and accessible on-demand solutions for MSME’s to drastically increase time savings and logistics efficiency. Both parties also agreed that logistics needs identified by the AMTC for MSMEs will be referred to GO, while MSMEs introduced by GO to the AMTC will receive free membership and access to the resources provided by the AMTC.

MSMEs are important economic pillars within ASEAN, making up 46% the region’s USD$2.4 trillion Gross Domestic Product and spend an estimated USD$200 billion annually on logistics services. Under the ASEAN Economic Community 2025 blueprint, MSMEs are singled out for focused development along trade and technological themes. However, many MSME’s still use manual, time-consuming processes to manage their supply chains. Digital logistics service providers, like GO, are addressing this gap by providing on-demand and accessible platforms that solve these issues for small businesses.

“In our current era of on-demand and real-time exchange of goods and services, MSMEs need access to reliable and competitive logistics services. GO’s platform will offer innovative and digitalised logistics services to hundreds of AMTC members. As part of a broader MSME ecosystem vision, the opportunities offered by GO will contribute to AMTC’s mission to “level the playing field” for smaller businesses in Asia Pacific” said Annie Fong, Project Director of the AMTC.

 Au Kah Soon, Co-Founder and CEO of GO, added: “Customers are increasingly “hyperconnected” through technology. They expect responses in real-time, whether it’s accessing B2C services like booking a car ride or B2B services like buying industrial parts. But today’s MSME face an average of four to seven days for a quotation for logistics services such as freight forwarding and warehousing. That slows down growth opportunities. GO is looking forward to change that, alongside partners like the AMTC, with on-demand logistics services so that ASEAN MSMEs can compete effectively today and into the future.”

About GO

Get GO Global (GO) is a Digital-enabled Lead Logistics Provider in Asia for Asia. GO is developing digital freight forwarding and flexible warehousing platforms that will provide real-time on-demand pricing and services versus traditional channels that now take hours or days. Follow us on Linkedin.

Find out more by visiting get-go.io

NEWS & ANNOUNCEMENTS

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SHOPMATIC JOINS HANDS WITH THE ASIA-PACIFIC MSME TRADE COALITION TO FURTHER EMPOWER & SUPPORT EMERGING BUSINESSES ACROSS THE REGION

On 15 December 2017 AMTC has signed a Memorandum of Understanding with the Shopmatic to drive growth & unlock new business opportunities for MSMEs in the region.

In a landmark development that will significantly enhance the growth opportunities available to MSMEs in the Asia-Pacific region, Singapore-based e-commerce company Shopmatic has announced its strategic partnership with the Asia-Pacific MSME Trade Coalition (AMTC), a working committee of the Asia Business Trade Association (ABTA). The association is aimed at extending Shopmatic’s innovative e-commerce offerings and technological capabilities to more MSMEs in various high-potential markets across the region through AMTC, enabling them to build, launch, manage, and scale their online presence in a seamless and hassle-free manner.
Shopmatic’s latest partnership is aimed at empowering micro, small and medium businesses across the Asia-Pacific region. As part of the association, Shopmatic and AMTC will work closely on several initiatives aimed at enabling better business opportunities for MSMEs – locally, regionally, and globally. Businesses in the high-potential sector will also be able to access the benefits offered by both organisations as an automatic feature of their memberships with either Shopmatic or AMTC.

Speaking on the announcement, Anurag Avula, CEO of Shopmatic, said, “The Asia-Pacific region is one of the most vibrant, dynamic, and exciting geographies, especially given the rapid technological adoption that the region has witnessed recently. Despite this, many MSMEs are yet to fully tap into the massive business potential that this growing digital penetration represents due to unfamiliarity with technology or a lack of expertise. This is the gap that we, at Shopmatic, have been addressing. We have also been working towards building a holistic and well-integrated e-commerce business ecosystem that allows smaller businesses to take their businesses to other markets across the globe through the online medium. The association with AMTC will allow us to reach out to many more businesses in the region, as well as to bridge the gap between smaller businesses and government agencies, furthering our mission of enabling MSMEs to scale their operations online, conveniently and without hassles.”
The association with AMTC will also allow Shopmatic to gain greater participation and voice in trade development initiatives across the region, as it looks to empower more MSMEs with the tools required to make the digital leap and be more relevant in an increasingly digital-first business ecosystem. The Singapore-based platform has already assisted many sellers in India, Singapore, and Hong Kong to build their online presence through its technology-led solutions and end-to-end e-commerce ecosystem. Partnering with AMTC, the largest MSME-focussed group in the Asia-Pacific, will also help Shopmatic in building an MSME-friendly environment in line with government policies across multiple geographies.
Annie Fong, spokesperson for the Asia-Pacific MSME Trade Coalition (AMTC), said, “Our main goal at AMTC is to advocate and facilitate the growth of international trade in the region for micro, small, and medium enterprises. Shopmatic’s e-commerce platform will enable members of AMTC to quickly develop an online presence, start selling, and grow trade in the region. Existing subscribers on Shopmatic will benefit from AMTC’s expanding library of resources, region wide network, and support from a pan Asian trade association. We are delighted to enter this collaboration between AMTC and Shopmatic, an alignment to our mutual commitment to supporting growth in a digital economy.”
Shopmatic has been helping businesses of various sizes across multiple domains to digitise their offerings and increase their readiness to serve today’s tech-savvy consumer base. The platform provides end-to-end assistance for businesses to create their online stores – from choosing free domains and templates to importing pictures and textual content, facilitating listings on major e-commerce platforms such as Amazon and eBay, and accepting digital payments. It has also entered into strategic partnerships with leading domestic and international companies in order to enable smoother operations for business owners.

Read more.

NEWS & ANNOUNCEMENTS

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FUNDING SOCIETIES AND THE ASIA-PACIFIC MSME TRADE COALITION KICKED OFF COLLABORATION.

On 14 December 2017 AMTC has signed a Memorandum of Understanding with the Funding Societies to ­­­to support the growth of micro, small and medium-sized enterprises (MSMEs) in Asia-Pacific through their platform for uniquely designed to foster collaboration.

Singapore, 14 December 2017 – Funding Societies, Southeast Asia’s leading digital lending platform, and the Asia Pacific MSME Trade Coalition (AMTC) signed a memorandum of understanding (MOU) to bring opportunities of financing and business growth for local MSMEs (Micro, Small and Medium Enterprises). This agreement makes Funding Societies the first financing partner of the AMTC. With the MOU, Funding Societies and the AMTC will co-create initiatives to encourage growth of MSMEs across the region.

The AMTC, a coalition of MSMEs across the Asia Pacific region, along with Funding Societies will create educative financing related workshops for the small businesses with limited or no access to funding. At the same time, trade opportunities created by the AMTC for MSMEs will be referred to Funding Societies for financing. Additionally, businesses introduced by Funding Societies will receive free membership as well as access to the resources provided by the AMTC.

Funding Societies connects local MSMEs with investors through an online marketplace. Businesses can obtain up to SGD 1 million in unsecured loans and invoice financing, through a simple online process with fast approval. Meanwhile, individuals and institutions can invest into these loans and earn returns of up to 14% per year, higher than typical deposits, bonds and traditional investment instruments.

According to a Visa and Deloitte study, four in 10 SMEs in Singapore are unserved by existing financial institutions when addressing their financing needs. Yet at the same time, 72% of Singapore SMEs require funds to better manage their working capital and cash flow. The lack of access to financing faced by SMEs is an issue that needs to be addressed. Alternative financing providers like Funding Societies are addressing this gap by providing funding solutions for the growth of local businesses.

“Amongst the challenges an MSME faces throughout its journey, financing certainly tops the list. Funding Societies helps to bridge this gap for MSMEs in the region and is an ideal resource for members in our community. The AMTC is delighted to collaborate with Funding Societies which is equally aligned in this commitment to bring resources and awareness to the MSME ecosystem” said Annie Fong, Project Director of the AMTC.

Kelvin Teo, Co-Founder and CEO of Funding Societies, added: “We work closely with the MSME ecosystem as we are committed to supporting the growth of local businesses. The AMTC is a valuable partner that shares the same vision as us. We believe our collaboration will offer more holistic solutions for businesses.”

Funding Societies is the leading digital lending platform in Southeast Asia with operations in Indonesia (under the name Modalku) and in Malaysia. The platform has been a recipient of various awards, including the MAS FinTech Award, the Global SME Excellence Award from United Nations’ ITU Telecom World, which recognizes the most promising and innovative technology solutions developed by SMEs to deliver social impact, and inclusion to the prestigious FinTech 250, a select list of top 250 FinTech companies around the world working on groundbreaking financial technology.

NEWS & ANNOUNCEMENTS

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BIZZI AND THE ASIA-PACIFIC MSME TRADE COALITION JOIN FORCES TO FURTHER OUTCOMES FOR MSMES IN ASIA-PACIFIC.

On 8 November 2017 AMTC has signed a Memorandum of Understanding with the bizzi to ­­­to support the growth of micro, small and medium-sized enterprises
(MSMEs) in Asia-Pacific through their platform for uniquely designed to foster collaboration. AMTC members and bizzi members will now enjoy reciprocal benefits. What this means for you is an expanded network and greater access to international business opportunities in Asia-Pacific.

Online business collaboration platform bizzi has signed a Memorandum of Understanding with the Asia-Pacific MSME Trade Coalition (AMTC) to support the growth of micro, small and medium-sized enterprises (MSMEs) based in the region.

Both are based in Singapore, and are united in their mission to see MSMEs in
Asia-Pacific work together to succeed.

As part of this partnership, MSMEs in Asia-Pacific will be able to access the benefits offered by both organisations as an automatic feature of their memberships of bizzi and AMTC. Through AMTC, they will also gain a collective voice when dealing with governments across the region.

“It has never been an easier time to start a business, but it has also never been a harder time to grow one. Why go it alone and struggle if you don’t need to?”, explained Darren Harrison, co-founder of bizzi. “With the right support, knowledge, contacts and resources, MSMEs in Asia-Pacific will have the confidence to take bigger steps towards growth and expansion.”

bizzi and AMTC will be working closely on a number of initiatives to ensure MSMEs get access to opportunities to win more business locally, regionally and globally.

“The Singaporean Government has recognized that one of its key pillars for future economic growth is Collaboration. Our partnership with bizzi shows what is gained when like-minded organisations wanting to achieve similar goals team up to add value and boost outcomes for MSMEs, their families and the economy,” explained Annie Fong.

More information about bizzi can be found at www.bizzi.co
More information about AMTC can be found www.tradecoalition.org

Online business collaboration platform bizzi has signed a Memorandum of Understanding with the Asia-Pacific MSME Trade Coalition (AMTC) to support the growth of micro, small and medium-sized enterprises (MSMEs) based in the region.

Both are based in Singapore, and are united in their mission to see MSMEs in
Asia-Pacific work together to succeed.

As part of this partnership, MSMEs in Asia-Pacific will be able to access the benefits offered by both organisations as an automatic feature of their memberships of bizzi and AMTC. Through AMTC, they will also gain a collective voice when dealing with governments across the region.

“It has never been an easier time to start a business, but it has also never been a harder time to grow one. Why go it alone and struggle if you don’t need to?”, explained Darren Harrison, co-founder of bizzi. “With the right support, knowledge, contacts and resources, MSMEs in Asia-Pacific will have the confidence to take bigger steps towards growth and expansion.”

bizzi and AMTC will be working closely on a number of initiatives to ensure MSMEs get access to opportunities to win more business locally, regionally and globally.

“The Singaporean Government has recognized that one of its key pillars for future economic growth is Collaboration. Our partnership with bizzi shows what is gained when like-minded organisations wanting to achieve similar goals team up to add value and boost outcomes for MSMEs, their families and the economy,” explained Annie Fong.

More information about bizzi can be found at www.bizzi.co
More information about AMTC can be found www.tradecoalition.org

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AMTC: A WORKING COMMITTEE UNDER ASIA BUSINESS TRADE ASSOCIATION (ABTA)

As was originally planned, from October 11th 2017, AMTC is now a Working Committee of the Asia Business Trade Association (ABTA).

ABTA consists of three working committees:
1. Asia Pacific MSME Trade Coalition (AMTC)
2. Trade Agreements
3. Next Generation Trade

More information about ABTA can be found at https://www.asiabusiness.trade/