The World Summit organizes a session on the industry in Latin America and the Caribbean

Dubai (Etihad)

Experts in the industrial sector confirmed that the Corona pandemic contributed to accelerating the process of digital transformation across Latin America and the Caribbean, especially in micro, small and medium companies, as the region has huge potentials to employ digital technology in the development of the industrial sector.
The experts unanimously agreed that despite the growing use of digital technologies in the industrial sector, there are still many challenges, such as structural barriers that impede the employment of technology, social inequality, and lack of financial resources.

Promote innovation
The experts, who participated in a panel discussion organized by the World Industry and Manufacturing Summit within the series of virtual dialogues titled “Using Strategies to Promote Innovation and Digital Transformation for Micro, Small and Medium Enterprises in Latin America”, highlighted the important role that micro, small and medium companies play in employing technologies. digital and support the economy.

  • Li Yong, Director-General of UNIDO, during the virtual dialogue (photos from the source)

Li Yong, Director-General of the United Nations Industrial Development Organization (UNIDO), said: “There is a large digital divide in the countries of the Latin American and Caribbean region, and we work closely with the governments of these countries to enable companies in them to employ advanced technologies in the industrial sector. As an international community, we must strengthen our joint efforts to enable developing countries to employ the technologies of the Fourth Industrial Revolution to develop the industrial sector and achieve comprehensive and sustainable industrial development.”
government support
Bernardo Calzadella Sarmiento, Director of the Department of Trade, Investment and Innovation at the United Nations Industrial Development Organization (UNIDO), who moderated the virtual dialogue session, called for the need to increase government support to address the challenges facing micro, small and medium companies. He said, “We must exert efforts to find solutions to the various challenges facing micro, small and medium companies in Latin America and provide the appropriate environment that enables them to innovate, develop and advance. The public sector must redouble its efforts to remove the barriers that hinder the progress of these companies.”

enhance cooperation
Speaking at the session, Her Excellency Victoria Hernandez Mora, Minister of Industry, Trade and Small and Medium Enterprises of the Republic of Costa Rica, said: “These results encouraged us to strengthen our collaboration with the Inter-American Development Bank to continue our efforts to improve the services we provide to businesses and citizens alike, and to continue digitization programs for small businesses. and medium enterprises to promote comprehensive and sustainable development, and adopt new financial technologies to empower small companies and facilitate their access to the necessary resources to develop their businesses. Her Excellency stressed that these initiatives will contribute to enhancing the competitiveness of companies, increasing the country’s GDP, and developing and supporting national talent.
In turn, His Excellency Victor Bisono Haza, Minister of Industry and Trade of the Dominican Republic, highlighted the importance of developing long-term strategies to help countries address the challenges that hinder the successful implementation of Fourth Industrial Revolution technologies.

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