Making region MSME-friendly could be APEC 2015's success

MANILA, Philippines — Making the region more friendly to micro, small, and medium enterprises (MSMEs) could be the major success of the Asia-Pacific Economic Cooperation (APEC) Philippines 2015, several economists said.

But before pushing for a MSME-friendly region, some economists said the Philippine government should first resolve its own policy gaps and conflicts that disempower microentrepreneurs. (READ: Is Nanay Tess' bagoong ready for ASEAN integration?)

The last time the Philippines hosted APEC summit in 1996, liberalizing the telecommunications services sector was considered its major success.