State Dept. on Deauville Partnership and Small Businesses

State Dept. on Deauville Partnership and Small Businesses

U.S. DEPARTMENT OF STATE
Office of the Spokesperson
May 21, 2012

FACT SHEET

Deauville Partnership with Arab Countries in Transition
Development of Small- and Medium-Sized Enterprises

G-8 Leaders met today at Camp David to carry forward the work of the Deauville Partnership with Arab Countries in Transition, which was launched last year as a long-term, global partnership to respond to the historic changes in some of the countries in the Middle East and North Africa region[1]. One year ago, the G-8 launched the Deauville Partnership with Arab Countries in Transition to support the democratic transition and to strengthen governance, foster economic and social inclusion, create jobs, support private sector-led growth, and advance regional and global integration. Progress towards these objectives is more important than ever. The Partnership intends to deepen its focus on country-level engagement and negotiated plans for the development of small and medium sized enterprises.

G-8 members, regional partner countries, and transition countries will review legal, regulatory, and administrative systems and practices and identify positive policy environments for the growth of small- and medium-sized enterprises (SMEs) as SMEs are the key drivers to create jobs and generate local revenue and taxes.

Specific actions:

• Regional partners will consider opportunities to leverage the $2 billion regional SME fund, administered by the Arab Fund for Economic and Social Development (AFSED), for the benefit of SME growth in the transition countries.

• In coordination with international institutions, such as the IMF and multilateral development banks, G-8 member countries will review areas for offering assistance to transition countries in the field of SME development.

• We agreed on the importance of reducing barriers to trade within the region and with G-8 countries, and the need to better utilize and maximize the benefits of existing arrangements between countries in the region and the G-8 including through trade facilitation, upgrading trade infrastructure, adopting good regulatory practices and enhancing competitiveness of manufacturing and services of Partnership countries.

• On a bilateral basis, we have been actively analyzing new ways to boost trade and investment. We pledge to intensify these efforts and also to work collectively to identify new opportunities for increasing regional competitiveness. Our work is intended to build upon, not replace, existing obligations and initiatives, such as the Agadir agreement, GAFTA, other bilateral trade and investment agreements and frameworks, and our mutual efforts in support of a strong World Trade Organization.

• The coordination platform established by the international financial institutions will undertake a comprehensive study on how to provide the best conditions and support for SMEs to generate sustainable jobs. This study will lead to clear policy recommendations that will inform and guide concrete actions by Partnership and donor countries in the area of SME development.

• For their part, the G-8 and regional partners will work with Egypt, Jordan, Libya, Morocco, and Tunisia to support openness in transitioning countries, (including through promoting opportunities for international investment, and providing technical and other assistance to promote the ability of these nations to take advantage of those opportunities.

• G-8 members will encourage business associations in their respective countries to establish partnerships with counterparts in transitioning countries and to assist with capacity building activities to enhance product development and export potential.

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Posted on May 22, 2012, in Morocco News and tagged , , . Bookmark the permalink. 1 Comment.

  1. G8 Aid for Arab Spring is no more than another empty promise to add to Deauville’s failure.
    The reality of a sick Europe and G8 with it, is gradually surfacing and joining the fall of the aftermath of the Soviet Union turning into a Russian federation of chaotic mini-states.
    Europe failed to help itself let alone helping others. The ‘Arab/Amazigh Spring is the backbone of the world mineral resources and it is Africa and the ME that are maintaining Europe and the World and not the other way around in exchange for meagre returns which the MENA region is now rejecting, demanding better terms of trade and less corruption from western multinationals.
    G8 only shows the demise of Western economic power and the hypocrisy it generates through its empty rhetoric and failed promises. The helplessness of the West is becoming apparent not only in the failure to deal the collapse of Greece, the downfall of Spanish banking and the economic recession of most European countries including France, or dealing with Syria but more so the appeasement shown at this meeting in accommodating Iran, and rightly so, to develop its own nuclear energy. They unanimously gave the ‘Fingers up’ to the Arab/Amazigh Spring and Deauville hopes or perhaps, the other way around as they have already been snubbed by Libya.
    They defaulted in Deauville Plan and who is going to believe them that this new plan is different, or is the threat of the role of China in Africa motivating them more?
    G8 should be scrapped and replaced, not only by G28 but by a new G50 of the most performing economies in the world. European economic and financial management is no longer viable to give guidance, but Europe must adapt, just as it did by adopting Japanese skills to modernise its business management, organisation and production systems, so the emerging nations are giving a new economic outlook to how to manage macro- as well as micro-economics in a developing world, which Greece and Portugal are part of this developing world and need to adjust to it badly.
    It remains that the future is with the BRICS and other emerging nations within North Africa/Africa, the Middle East, Asia and South America and not the Old bankrupt European Continent and North America.
    Oxford, Dr Ben Kirat

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