SMEs in International Trade: Opportunities and Challenges
SMEs have significant opportunities in international trade, including access to new markets, business growth, and innovation. However, challenges such as limited resources, regulatory compliance, and risk management must be addressed. Practical considerations, such as market research, strategic partnerships, capacity building, and access to trade finance, can empower SMEs to succeed in global trade. With the right strategies and support, SMEs can harness the benefits of international trade, fueling their growth and contributing to economic development.