To secure long-term growth, companies have to be able to trade and compete internationally. This means increasing productivity, which they can do with the right economic framework. Also, the more lucrative stages in product value chains should be kept in the partner countries. SECO is working on trade and competitiveness through the following three priority areas:
- Creating favourable framework conditions for trade: Developing countries need a favourable framework in place if they are to gain from international trade. Developing countries will be better equipped to defend their interests in international trade talks if they are familiar with international rules and have good negotiation skills. They also have to apply international conventions effectively at the country level, for which they need competent technical institutions.
- Improving the business environment: The private sector is the engine of economic development. A business-enabling environment is necessary for entrepreneurs to start up, expand and sustain a new business. This concerns all the regulations and laws governing company foundation, business operations and liquidation.
- Enhancing competitiveness: SECO wants to maximise the number of producers and SMEs in developing countries that gain from globalisation, i.e. the progressive opening up of markets and the internationalisation of value chains. The key here is to make companies more competitive and facilitate their market access.
More information is available here