Diritto ed Economia dell'ImpresaISSN 2499-3158
G. Giappichelli Editore

29/05/2020 - WTO issues its report on the impact of the pandemic on MSMEs.

argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: WTO - report - MSMEs

Within the different area of study and research after the spread of the COVID-19 pandemic, the WTO was faced with another challenge: to study the impact that the outbreak had on micro, small and medium-sized enterprises. In order to provide such information, the WTO Secretariat published a report on the subject, according to which the supply chain disruptions can have a huge impact on MSMEs because sourcing from new suppliers or absorbing price increases is more challenging for a smaller firm with limited resources. Specifically, the information note was concerned with the tools and strategies that were set by the different countries to support and relaunch small businesses (as well as the micro and medium-sized) which have been the most affected because of the pandemic. Generally, such countries provided for measures to address cash flow issues to expand trade opportunities for MSMEs. The note describes how international trade provides MSMEs with opportunities to diversify their activity and the source of the gain.