SMES around the world (and how to find/network with them) Australia Info: Lots of resources to research opportunities and gain information on SMEs and network through the Chambers of Commerce.  SME defined as any business or company defined by its revenue being below $20m  SME's employ over five million Australians, or 63% of all workers  Over 1.2 million SMEs represent more than 96% of all business and 33% of GDP  SME's are Australia’s largest employer  Of the 1.2 million SMEs in Australia, more than two thirds employ between one and four people  A further 180,880 SMEs employ between five and 19 people  This means that 93.5 per cent of people employed by SMEs in Australia are employed by what can be described as ‘micro SMEs’, namely companies with less than 20 employees.  There are over 100,000 businesses with an annual turnover between $2M and $100M accounting for $16 billion or 9% of Commonwealth revenue. Taken from The Australasian SME Alliance Websites: http://www.business.gov.au/GBDirectory/S/Pages/SME-Association-of-Australia.aspx http://www.acci.asn.au/ http://www.cciwa.com/ http://www.amcham.com.au/vpLink.aspx?ID=1 http://www.austcham.org/ http://www.iccwbo.org/worldwide-membership/national-committees/icc-australia/ http://www.smeaustralia.asn.au/ http://www.smea.com.au/ http://www.asmea.org.au Canada Info:  A small business that has 1 to 99 paid employees and firms with between 50 and 499 employees are considered "medium".  The smallest of small businesses are called micro-enterprises, most often defined as having fewer than five employees SME make up 98.22% of Canadian businesses.  The websites vary from SME support groups to Chambers of Commerce Websites: http://www.ic.gc.ca/eic/site/061.nsf/eng/home https://www.ec.gc.ca/p2/default.asp?lang=En&n=D35E8873-1 http://sbinfocanada.about.com/od/businessinfo/g/SME.htm http://www.sme-fdi.gc.ca/eic/site/sme_fdi-prf_pme.nsf/eng/00647.html http://www.chamber.ca/ http://www.occ.ca/ http://www.cancham.org/ China Info:  The National Development and Reform Commission (NDRC) estimate that China has more than 42 million SMEs who produce over 50% of Chinese GDP.  99.5% of all businesses in China fall into the SME category.  Issues SMEs face include access to information, inconsistent implementation of laws, standardization and where they are infringing the copyright of products made and protected in other countries. Websites: http://www.iccwbo.org/worldwide-membership/national-committees/icc-china/ http://www.cccb.org.uk/ http://www.chinachamber.org.cn/web/c_00000002/ http://www.britishchamber.cn/ http://www.euccc.com.cn/en/home India Info:   SMEs in India contribute around 12 per cent to the gross domestic product (GDP). They also account for around 45 per cent of industrial production, 40 per cent of exports and 15 per cent of employment in the country.  In hard numbers, around 26 million SMEs provide employment to over 60 million people. Taken from: www.businessworld.in Websites: http://www.smechamberofindia.com/ http://businesstoday.intoday.in/coverage/566/1/indias-best-smes-2012.html http://www.moneycontrol.com/smementor/ http://www.indiasmeforum.org/ www.indianchamber.org/ www.ficci.com www.assocham.org www.iccwbo.org/worldwide-membership/national-committees/icc-india Kazakhstan Info:   The SME share of GDP has in the last three years risen from 17-21%. This has been linked to the Kazak Government’s policies that have reduced administrative barriers, improved tax and customs administration.  Britain has good business links with Kazakhstan. Websites: http://2013.astanaforum.org/ http://www.adbi.org/workingpaper/2010/01/25/3440.financial.crisis.trade.smes.central.asia/importance.of.smes.in.centr al.asian.economy/ http://www.chamber.kz/eng/ http://kbcc.org.uk/en/ Kenya Info:   Kenya is very focused on developing SMEs. Its 2030 Vision lead to the 2011 SME Act and the focus of taxation, training and development within this sector.  The Kenya government has defined an SME formally registered business with between 1 to 150 employees and has a turnover of between 8 to 100 million Kenyan Shillings.  The adoption of E-commerce and mobile technology is seen as helping to develop this sector Websites: http://www.kenyachamber.or.ke/ http://www.knccimsa.8k.com/ http://www.iccwbo.org/worldwide-membership/national-committees/icc-kenya/ http://www.chamber-commerce.net/dir/2690/Kenya-National-Chamber-of-Commerce-andIndustry-in-Mombasa Nigeria Info:  It is estimated that 96% of Nigerian businesses are SMEs and they account for 90% of the industrial manufacturing sector.  They account for just 1% of the GDP of Nigeria. Websites: www.lagoschamber.com/ www.nbccng.net www.iccwbo.org/worldwide-membership/national.../icc-nigeria http://abuccima.com/ http://www.nigeriagalleria.com/Business_Services/Bilateral_Chambers_of_Commerce.html Pakistan Info:  Pakistan has approximately 3 million Micro Small Medium Enterprises (MSMEs) and just over 27,600 SMEs.  There has been a determined effort by the Pakistani government to increase numbers and banking laws have been introduced to encourage this. Websites: http://fpcci.org.pk/ http://kcci.com.pk/ http://www.ukpcci.com/ http://www.iccwbo.org/Worldwide-Membership/National-Committees/ICC-Pakistan/ https://www.facebook.com/fpcci.org.pk http://www.wamda.com/2011/09/why-sme-growth-is-crucial-for-the-future-of-pakistan http://www.bizomer.com/Role-of-SMEs-in-Pakistan.html Russia Info:   The definition of an SME varies in Russia to the standard definitions. A micro business is seen as having 1 – 15 employees and a turnover of 2 million roubles, a Small business has 15 – 100 employees (turnover of 10 million) and a Medium one has 101 – 250 (turnover 43 million).  On January 24th 2014 the Russian Government announced a major package of measures to support small and medium enterprises, including new tax breaks, government contracts, and subsidies worth about $630 million. Websites: http://www.fp6-creation.ru/win/smeinrussia.html http://rt.com/business/small-medium-business-russia/ http://www.rbcc.com/ http://old.tpprf.ru/en/ http://www.russia.doingbusinessguide.co.uk/supporting-organisations/russo-britishchamber-of-commerce/ Singapore Info:    99% of all businesses in Singapore are SMEs. They employ 7 out of 10 workers and contribute over 50% of Singapore’s GDP. There is a feeling that as a nation Singapore should be investing more in SMEs (encouraging training, giving them tax breaks and other incentives) in order to maintain economic growth. Websites: http://www.sicc.com.sg/ http://www.sicci.com/ http://www.britcham.org.sg/ http://english.sccci.org.sg/ South Korea Info:  Below are links to Chamber of Commerce sites and a definition by sector of SMEs in South Korea.  95% of companies in South Korea are SMEs and E-commerce is once again singled out as being fundamental in the growth and development of this sector. Websites: http://english.korcham.net/ http://www.iccwbo.org/Worldwide-Membership/National-Committees/ICC-Korea/ http://www.epcci.or.kr/ https://www.boogar.com/resources/associations/commerce_chambers_k.htm https://www.sbc.or.kr/sbc/eng/smes/definition.jsp Thailand Info:  There has been a clear focus on developing SMEs in Thailand since the 1960s with a specialist bank (the SME bank) setup to support them.  99.5% of Thai businesses are SMEs and they contribute 42.35% to GDP. 29.7% are within the service sector.  Thai economists see SMEs as being ‘the engine of growth’  Their 2012-16 SME development plan has a clear focus on internalisation and sustainable development. Website: http://eng.sme.go.th/Pages/home.aspx http://www.msmenewsnetwork.com/index.php/asia-pacific/news/item/903-thailand-issupporting-smes http://www.iccwbo.org/worldwide-membership/national-committees/icc-thailand/ http://www.amchamthailand.com/acct/asp/default.asp http://www.cobcoe.eu/british-business-worldwide/british-chamber-of-commerce-thailand/ http://www.bangkokbase.com/bangkok-base-resources/chambers-of-commerce/ http://www.jfcct.org/ Turkey Info:  The country is amongst the world's leading producers of agricultural products; textiles; motor vehicles, ships, construction materials; consumer electronics and home appliances.  In recent years, Turkey had a rapidly growing private sector  SMEs account for 99.9% of all businesses in Turkey  They employ 69.2% of the working population  The SME sector in Turkey grew 2.5% in 2012 Websites: http://www.dalilusa.com/resource_center/turkish_chambers_commerce.asp http://www.tobb.org.tr/Sayfalar/Eng/AnaSayfa.php http://www.tbcci.org/ http://en.wikipedia.org/wiki/Turkish_economy http://www.iccwbo.org/worldwide-membership/national-committees/icc-turkey/ http://www.bcct.org.tr/ https://openknowledge.worldbank.org/handle/10986/12211 http://www.turkstat.gov.tr/PreHaberBultenleri.do?id=13144 http://www.sde.org.tr/en/newsdetail/financial-problems-of-smes-in-turkey-how-do-theydeal-with-them/3341 UK Info: At the start of 2013:  There were an estimated 4.9 million businesses in the UK which employed 24.3 million people, and had a combined turnover of £3,300 billion  SMEs accounted for 99.9 per cent of all private sector businesses in the UK, 59.3 per cent of private sector employment and 48.1 per cent of private sector turnover  SMEs employed 14.4 million people and had a combined turnover of £1,600 billion  Small businesses alone accounted for 47 per cent of private sector employment and 33.1 per cent of turnover  Of all businesses, 62.6 per cent (3.7 million) were sole proprietorships, 28.5 per cent (1.4 million) were companies and 8.9 per cent (434,000) partnerships  There were 891,000 businesses operating in the construction sector - nearly a fifth of all businesses  In the financial and insurance sector, only 27.5 per cent of employment was in SMEs. However, in the agriculture, forestry and fishing sector virtually all employment (95.4 per cent) was in SMEs  Only 22.5 per cent of private sector turnover was in the arts, entertainment and recreation activities, while 92.7 per cent was in the agriculture, forestry and fishing sector  With 841,000 private sector business, London had more firms than any other region in the UK. The south east had the second largest number of businesses with 791,000. Together these regions account for almost a third of all firms (information taken from the Federation of Small Businesses http://www.fsb.org.uk/stats Websites: http://www.britishchambers.org.uk/business/international-trade/internationalcontacts.html http://www.fsb.org.uk/stats http://www.britishchambers.org.uk/find-your-chamber/ http://www.cbi.org.uk/business-issues/smes/ http://www.telegraph.co.uk/finance/1000-companies-inspire-britain/10485854/Meet-theUKs-fastest-growing-SMEs.html http://features.thesundaytimes.co.uk/public/best100companies/live/template https://www.enterprisenation.com/ USA Info:     There were 5.8 million employer firms in the U.S. Firms with less than 20 workers made up 89.7 percent of these businesses. Firms with fewer than 500 workers accounted for 99.7 percent of employees These small enterprises account for 52 percent of all U.S. workers, according to the U.S. Small Business Administration (SBA).  19.6 million Americans work for companies employing fewer than 20 workers  18.4 million work for firms employing between 20 and 99 workers, and 14.6 million work for firms with 100 to 499 workers. Websites: http://www.sbecouncil.org/ http://economics.about.com/od/smallbigbusiness/a/us_business.htm http://dmdatabases.com/databases/business-mailing-lists/how-many-businesses https://www.uschamber.com/ http://www.iccwbo.org/worldwide-membership/national-committees/icc-united-states/ http://camacol.org/ https://www.uschamber.com/chamber/directory Vietnam Info:   Almost all Vietnamese enterprises are small and medium enterprises (SMEs). Vietnam has become a leading agricultural exporter and served as an attractive destination for foreign investment in Southeast Asia  In 2013, the nominal GDP reached $170.020 billion, It is estimated that the Vietnamese economy will become the 35th largest economy in the world with nominal GDP of $436 billion by 2025 Websites: http://vccinews.com/ http://www.amchamvietnam.com/ http://www.eurochamvn.org/ http://www.ccifv.org/en.html http://www.asiapathways-adbi.org/2012/07/asias-growth-production-networks-and-smes/ http://www.business-in-asia.com/vietnam/sme_in_vietnam.html