International Trade Center and Alibaba.com Join Forces to Help MSMEs in Developing Countries Succeed Online

SHANGHAI, November 8, 2021 / PRNewswire / – The International Trade Center (ITC) Has Partnered With Alibaba.com To Launch “The Global Digital Trade Accelerator For MSMEs In Developing Countries” initiative the 6e November at the 2021 China International Import Expo (CIIE) underway at Shanghai, China.

Together, the the parties will help micro, small and medium-sized enterprises (MSMEs) to improve their international export competitiveness and contribute to sustainable development by making better use of the opportunities of the e-commerce platform.

Daniel Zhang, Chairman of the Board of Directors and CEO of Alibaba Group, delivered a speech via video conference during the launch ceremony. He said the pandemic has continued to pose challenges for global trade over the past two years, but challenges always go hand in hand with opportunities.

He said a large number of MSMEs are exploring digital ways to conduct and even develop their businesses sustainably. Digital trade has become the engine of global trade transformation and is reshaping the picture of global economic development like never before.

ITC Executive Director Pamela Coke-Hamilton believes that e-commerce is a key channel for global MSMEs to achieve rapid growth.

ITC is the joint agency of the World Trade Organization and the United Nations. It is fully dedicated to connecting MSMEs to global markets and is committed to working towards the achievement of the United Nations Sustainable Development Goals by promoting trade that benefits people and the planet.

Alibaba.com is a leading cross-border B2B e-commerce platform with over 20 million buyers from around 190 countries who have researched business opportunities or completed transactions on Alibaba.com. “While global trade is currently facing many uncertainties, the trend towards digitization is a certainty, “ Zhang Kuo, Managing Director of Alibaba.com, noted.

We learn that the project companies come from developing countries of Africa, Latin America and Asia including Bolivia, Colombia, Ethiopia, Mozambique and Burma , covering a wide range of industries such as food and beverage and consumer goods.

Yi Xiaozhun, former vice minister of trade and former deputy director general of the World Trade Organization (WTO), believes that e-commerce offers an opportunity for developing countries to catch up with global trends and cooperation between Alibaba.com and ITC practices corporate social responsibility and promotes the growth of more MSMEs.

SOURCE Alibaba Group


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