A Philippine-led initiative to support micro, small, and medium enterprises (MSMEs) took center stage in the first Asia-Pacific Economic Cooperation Senior Officials’ Meeting (APEC SOM1) in Lima, Peru last week, the Department of Trade and Industry (DTI) reported.

Trade Undersecretary Ceferino S. Rodolfo, who led the Philippine delegation to APEC, said that the meeting welcomed the Philippine-led initiatives under the Boracay Action Agenda to Globalize MSMEs (BAA-MSMEs) to further mainstream MSMEs into global value chains (GVCs).