The ASEAN Strategic Action Plan for SME Development (SAPSMED) 2016-2025 serves to strengthen MSMEs engagement in an increasingly competitive economic environment and to support their growth and development through the vision of a “Globally Competitive and Innovative SMEs” and that by 2025, ASEAN shall create more globally competitive and resilient SMEs.
It is recognised that the full and effective implementation of the Plan will be key to the achievement of the goals. To this end, the Plan envisages a distinctive approach of an Implementation Roadmap, using country champions, maximising resources including those from ASEAN Dialogue Partners, and conducting periodic monitoring and evaluation of the Plan. The overall MSME achievement will be tracked through a set of 10 key policy indicators and other operational indicators to be developed.
The Plan was launched at the sidelines of the 27th ASEAN Summit on 21 November 2015. The Plan was developed by the ASEAN SME Working Group, in consultation with the private sector. It was prepared with the cooperation of the AEM-METI Economic and Industrial Cooperation Committee and with the assistance of the USAID ASEAN Connectivity through Trade and Investment Project for the Roadmap.