International Chamber of Commerce calls for SMEs to be supported, paid on time

The Paris-based organization which represents millions of companies in more than 100 countries has recognized the critical importance of SMEs to the global economy and has listed ways that their larger customers can help them

RIABU’s Mark Laudi and Simon Littlewood discuss the announcement by the ICC which closely mirrors RIABU’s pledge2pay, already enthusiastically endorsed by the SICC and ASME in Singapore. 

Is this a good sign that the world is waking up to the need to preserve SMEs who (in Singapore) provide nearly 70% of jobs?  What are the implications?