MOU between MoET and Berytech to develop small and medium enterprises

The Minister of Economy and Trade (MoET), Alain Hakim, signed last Friday a memorandum of understanding with Berytech in the presence of the Berytech Board President, Maroun Shammas, as well as a number of business people.  Hakim noted that this MoU will contribute to realizing the Ministry’s objectives to strengthen objectives between the private and public sectors through supporting small and medium enterprises.  He clarified that SMEs are a central element in developed economies and a main motivator for realizing national objectives and strengthening economic growth.  Hakim added that SMEs play a role in combating unemployment and in promoting the advancement of services and technology.  Hakim further insisted that SMEs are seen by the World Bank as the best strategy to mitigate poverty and improve livelihoods. Chammas spoke for his part about the complementarity between the joint Berytech, MoET and UNDP team which led to this MoU.
(SOURCE: Annahar & Al Mustaqbal 28 November 2014)