World SME Forum opens in İstanbul

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– Turkish Deputy PM Ali Babacan, responsible for the economy, attends opening of forum for small- and medium-sized companies.

ANKARA – The World small- and medium-sized enterprises Forum opened its doors in Istanbul on Saturday.

The forum, brought by the partnership between of Turkish Union of Chambers and Exchange Commodities (TOBB) and International Chamber of Commerce (ICC), aims to play a critical role in helping to better serve the  small- and medium-sized  enterprises (SME) community.

“If we talk about the future and creating value, we should pay much attention to SMEs,” Turkey’s Deputy Prime Minister Ali Babacan, responsible for the economy,  said in his opening remarks.

Babacan noted the forum could play a critical role in solving problems of the SME community.  “World SME Forum is a structure that could be common voice of all SMEs,” Babacan said, adding that in many countries in the world, these types of companies were the backbone of industry, production and trade,

Babacan added that Turkey’s SMEs now accounted for 60 percent of the country’s total export, which was $157 billion in 2014.

“Developing countries should take a more active role in the World SME Forum, as Turkey does,”  Rifat Hisarciklioglu, the head of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) said in his opening remark in Istanbul.

“Small- and medium-sized businesses are vital for job creation and contribution of the economy,” John Danilovich, ICC secretary general, said. “One of the most important parts of Turkey’s success stories is its SMEs.”

SMEs are the world’s most concentrated, booming and innovative engine for world trade and growth, according to the World Bank.

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