Date: Tuesday, 27 June 2023; 7th Anniversary.
Sponsor: United Nations
Coordinator: International Trade Centre
Objectives:
Micro- Small and Medium-Sized Enterprises Day is annually celebrated on June 27 for the following purposes:
- to raise awareness of the tremendous contributions of micro-, small and medium-sized enterprises (MSMEs) to global, regional, and national economy.
- To highlight the importance of micro -, small and medium-sized enterprises in achieving the Sustainable Development Goals.
- To promote innovation, creativity, and sustainable business practices.
Inception:
The first Micro- Small and Medium-Sized Enterprises Day was officially held around the world on June 27, 2017.
History:
On 6 April 2017, the United Nations General Assembly adopted a resolution (A/RES/71/279) to designate June 27th as “Micro-, Small and Medium-sized Enterprises Day”. The resolution was co-sponsored by 54 member states, representing over 5 billion people. The International Trade Centre was appointed as the leading agency for this observance.
Why do we mark the Micro- Small and Medium-Sized Enterprises Day?
- According to the United Nations, MSMEs account for more than 90% of businesses and 60~70% of employment worldwide. These enterprises make up 50% of global GDP. They contribute to global economy and sustaining livelihoods, particularly among the working poor, youth, women, and workers in vulnerable situations.
- MSMEs are vital in achieving the global Sustainable Development Goals (SDGs). They are an important element in the implementation of SDG 8 (decent work and economic growth) and SDG 9 (industry, innovation and infrastructure).
Annual theme in recent years:
2022 theme: “Resilience and Rebuilding: MSMEs for Sustainable Development”.
2021 theme: “MSME 2021: Key to An Inclusive and Sustainable Recovery.”
2020 theme: “COVID-19: The Great Lockdown and Its Impact on Small Business.”
Official website:
https://www.un.org/en/observances/micro-small-medium-businesses-day
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