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UN General Assembly creates Int'L Day for Small, Medium-Sized Businesses

Xinhua, April 7, 2017 Adjust font size:

The UN General Assembly on Thursday adopted a resolution to designate June 27 as Micro-, Small and Medium-sized Enterprises Day.

The resolution was adopted to recognize "the crucial role of small businesses in achieving the 2030 Agenda for Sustainable Development," a set of 17 targets to be achieved by the year 2030, UN spokesman Stephane Dujarric said at a daily news briefing here.

The resolution was spearheaded by Argentina with support from the International Council for Small Business (ICBS), and was co-sponsored by over 45 UN member states representing over five billion people in the world, he said.

"These enterprises can in fact become the engines that sustain growth for long-term development in developing countries," Argentina's representative said, thanking the contribution made by the ICSB to the creation of the Day.

The ICSB held its 61st Annual World Conference here at the United Nations last year, in which authorities from over 55 countries participated. ]

In that occasion, the ICSB made a declaration about the urgent need to have a day to recognize the important role of micro-, small, and medium-sized enterprises in the development of economies as a whole. Enditem