SMEs AndThe WCO Economic CompetitivenessPackageSME - Backbone Of GlobalEconomyShantanu BhadkamkarChairman FFFAI
FFFAI Law Compliant Tax Efficient Best PracticesThe FFFAI works to bring about improvements inCustoms policies and prac...
Perceptions SME Compliance Resistant TaxMany SMEs involved in export activities do notexport directly, but indirectly vi...
The Contribution Of SMEs Work Closely With SMEo Traino Update
Constraints & Limitations Limited Resources Security Measures SAFE Framework Of Standards
Studies For Facilitation The structure of transport, over the years, haschanged considerably. In global supplychains, inc...
Key Issues Each Country Has Different Share of SME Concerns Are Different Different Priorities To Issues Export & Imp...
SME – India Generic Example SME Ministry : Credit Rating, 75% subsidy -Reduction in interest rates. Similar Support AEO ...
Way Forward Countries that have a large share of SMEs shoulddevelop service strategies focused on SMEs MIS based managem...
National Customs Administration Nodal Officer for SME: Policy and Processes Coordinator - Customs Brokers NationalAssoc...
Customs Broker Customs Brokers Along With Warehouse keeperscan provide support throughout customsprocedures Customs Broke...
The Contribution Of SMEs toGDP Select countries for reference purpose is: China 60% Germany 57% Japan 55% Korea 50% ...
Trade FacilitationWhile TF frequently refers to all measures that can betaken to facilitate and ease trade flows, accordin...
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SME Sector - Backbone Of Global Economy

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SME Sector - Backbone Of Global Economy

  1. 1. SMEs AndThe WCO Economic CompetitivenessPackageSME - Backbone Of GlobalEconomyShantanu BhadkamkarChairman FFFAI
  2. 2. FFFAI Law Compliant Tax Efficient Best PracticesThe FFFAI works to bring about improvements inCustoms policies and practices on a global basis
  3. 3. Perceptions SME Compliance Resistant TaxMany SMEs involved in export activities do notexport directly, but indirectly via intermediariessuch as traders or trading houses, exportingcompanies
  4. 4. The Contribution Of SMEs Work Closely With SMEo Traino Update
  5. 5. Constraints & Limitations Limited Resources Security Measures SAFE Framework Of Standards
  6. 6. Studies For Facilitation The structure of transport, over the years, haschanged considerably. In global supplychains, increasingly the cargo moves on Door ToDoor and on multimodal transport basis. As thestructure of international transport haschanges, the laws of transport, including customslaws, need to change accordingly.
  7. 7. Key Issues Each Country Has Different Share of SME Concerns Are Different Different Priorities To Issues Export & Import
  8. 8. SME – India Generic Example SME Ministry : Credit Rating, 75% subsidy -Reduction in interest rates. Similar Support AEO Status qualification Similar Exercise support for compliance, securityAnd Meeting Other Standards
  9. 9. Way Forward Countries that have a large share of SMEs shoulddevelop service strategies focused on SMEs MIS based management techniques Advance Ruling Authority for SME Single Window Facility Improve Coordination Between Relevant Agencies AndFurther Simplify Trade Procedures Community Network Online transmission of data from the customs whereexport entry is made to the destination, and use of thesame as import manifest; instead of carriers andforwarders being required to file advancemanifest/consolidation manifest
  10. 10. National Customs Administration Nodal Officer for SME: Policy and Processes Coordinator - Customs Brokers NationalAssociation, Warehousing / FreightStations, National Association for SME, Ministry forSME Training & Capacity Building KnowledgeDisseminationWCO, National Customs Administrations AndCustoms Brokers Can Work Together ToDeploy, Refine And Target Such Training MoreAccurately
  11. 11. Customs Broker Customs Brokers Along With Warehouse keeperscan provide support throughout customsprocedures Customs Brokers, Warehousekeepers can be authorised by Customs to assistin customs controls Customs Brokers / Custom House Agents havecommon goals of facilitation of fast movement ofgoods, secure supply chains and prevention ofthe leakage of revenue; therefore, CapacityBuilding & Development of Customs Brokers /Custom House Agents should be integral part ofCapacity Building initiatives of the WCO & it’sMember Customs Administrations. Compare with Other Professionals CPA, Lawyer
  12. 12. The Contribution Of SMEs toGDP Select countries for reference purpose is: China 60% Germany 57% Japan 55% Korea 50% Malaysia 47%• All these figures are close approximation and might changeAccording to World Bank data, the percentage contribution of SMEs toGDP is as follows: High Income Countries – 50 – 55% of GDP:UAE, Singapore, Qatar, Austria, Germany, Denmark, France, Norway, US, UK (many countries of the EU) Middle Income Countries – 35 – 40% of GDPChina, India, Brazil, Malaysia, Mexico, Russia, Large parts of LatinAmerica, Angloa, Ghana, Belarus, Romania, Ukraine, Malaysia, Philippines and Thailand Low Income Countries – ~ 15% of GDPBangladesh, Cambodia, Kenya, Mozambique, Uganda, Zimbabwe, Mainly Sub-Saharan Africa and South Asia select countries (The abovecountries are few examples from an exhaustive list)
  13. 13. Trade FacilitationWhile TF frequently refers to all measures that can betaken to facilitate and ease trade flows, according toDamuri (2006), there is no standard formal definitionof TF. In a broader sense of the term, as explained inDamuri (2006), trade facilitation can be defined asany action intended to reduce transaction costs whichaffect the international movement ofgoods, services, investments and people. In thissense, the term covers all types of non-tariffmeasures to trade such as technicalstandard, sanitary and phytosanitary (SPS) andenvironmental-related regulation, as well as otherdomestic business climate related regulations and alltypes of infrastructure issues. In a narrow sense, thescope of trade facilitation is generally limited tocustoms procedures and related formalities involved

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