MOSCOW, April 2 It is necessary to intensify cooperation between small and medium-sized businesses (SMEs) within the BRICS framework; the share of such enterprises in the economies of some countries is The number of participants in the organization is quite high and it is growing, said the head of the Chamber of Commerce and Industry (CCI) of the Russian Federation and the BRICS Business Council Sergei Katyrin.
«»In ten BRICS countries, the share of SMEs in GDP ranges from 20% to 60%, and it is growing. For example, in China and the UAE — about 60%, in Iran — about 40%, in India, Egypt and Ethiopia — about 30%. In Russia, this share is 20-21%. … At the same time, despite the fact that SMEs play a significant role in the economies of their countries, the level of their interaction within the BRICS framework remains extremely low. … It is necessary to to quickly intensify cooperation between SMEs within the BRICS framework, it is in this direction that we can expect real successes, if you like, a trade and economic breakthrough for the organization,” Katyrin said on the sidelines of the press club of the Russian Chamber of Commerce and Industry on BRICS topics.
When asked in what specific areas cooperation between SMEs is possible, he replied that “we are talking about extremely diverse cooperation — from the agro-industrial sector to the high-tech sector.”
“To do this, it is necessary to develop a system of state assistance to SMEs, pay special attention to supporting innovative industries, start-ups and technological youth initiatives in the countries of the association, and establish the exchange of the best business solutions,” concluded Katyrin.