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Most SMEs are unaware of WTO instruments

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More than 70% of SMEs in Argentina are unaware of the instruments created by the WTO to protect companies from unfair competition, according to a survey by the Fundación Observatorio PyMe.

The study reveals that, on average, only 28% of small and medium-sized enterprises are aware of the fair trade tools available to them by the WTO, and that only 12% of companies plan to make a claim against another company (7% through associations and 5% would do so individually).

Above the general average, the SMEs that are most familiar with the tools are those in the industrial branches dedicated to auto parts (63%), electronics manufacturing (46%), glass, ceramics and non-metallic minerals (45%), textiles and clothing production (35%), rubber and plastic production (30%) and finally common metals (30%). 

Which worse are  They are the companies dedicated to the production of machinery and equipment (27%), paper, publishing and printing (27%), those of chemical substances and products (25%), those that manufacture furniture (25%), and finally those dedicated to the production of food and beverages (1%).

 

The survey also sought to determine how many SMEs lost market share due to the increase in imports. 28% of those surveyed indicated that they lost market share.

Source: The Chronicler

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