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MSMEs enouraged to look to e-commerce
3 Hrs Ago
Minister of Trade and Industry Paula Gopee-Scoon whose ministry has been pushing for MSMEs to take advantage of e-commerce options especially in these pandemic times. File photo by Sureash Cholai
Micro, small and medium-sized companies (MSMEs) have been encouraged to take advantage of e-commerce and technological solutions as the country continues to try to navigate through the pandemic.
To this end, the Ministry of Trade and Industry continues to implement the National E-commerce Strategy, which aims to create an enabling environment that facilitates and promotes e-commerce for local businesses to serve domestic and international consumer markets.
MTI Encourages MSMEs to Take Advantage of E-Commerce
25 May, 2021: The COVID-19 Pandemic has highlighted the necessity for adopting e-Commerce and technological solutions for all levels of business. In this regard, the Ministry of Trade and Industry continues to diligently implement the National E-commerce Strategy which aims to create an enabling environment that facilitates and promotes e-commerce for local businesses to serve domestic and international consumer markets. While it is accepted that the private sector drives e-commerce, the Government’s role is to ensure that the right environment is created for businesses to derive tangible benefits from ecommerce. The onset of the pandemic has resulted in bankers, consumers and retailers moving away from the manual processes and cash payment towards leveraging technology for digital forms of payments. It has forced businesses to rethink how and where goods are retailed and how payment transactions are conducted.
17/12/2020 - Port of Spain:
The Chaguanas Chamber of Industry and Commerce has launched its “Nearby Stores” App which provides a platform for entrepreneurs and businesses in the Borough of Chaguanas and the wider business community an opportunity to promote their products and services through geo-targeting of customers, in-app messaging and business directions via Google maps. Speaking at the virtual launch of the “Nearby Stores” App on Thursday 17 December, 2020, Trade and Industry Minister, Senator the Honourable Paula Gopee-Scoon commended the Chamber for what she described as an “
innovative and timely initiative”.
Minister Gopee-Scoon said “
Prior to COVID-19, e-commerce was often seen as an unnecessary expense to many businesses, especially micro and small enterprises; but now, it is an invaluable investment. Firms both small and large are expected to have an online presence to remain competitive, relevant and to better serve the needs and wants of consume
By: Thoboloko Ntšonyane
MASERU – In its attempt to
clear the hurdles and promote the domestic and international trade as well as
enhancing export performance, the Ministry of Trade and Industry had
recently embarked on an exercise of launching the National Trade Policy (NTP)
Framework and National Export Strategy (NES) also referred to as the National
Trade Strategy.
The
two policies are said to be in synch with the National Strategic Development
Plan (NSDP) II.
“The
National Trade Policy framework (NTP framework) is a strategic development tool
with specific focus and clear directives to guide both public and private in