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ARTICLE · 20 OCTOBER 2015

2015-2018 SME Strategy And Action Plan Issued By Small And Medium Enterprise Development Organization In Turkey

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A Strategy and Action Plan for Small and Medium-sized Enterprises has been issued for the 2015-2018 period.

TurkeyCorporate/Commercial Law

A Strategy and Action Plan for Small and Medium-sized Enterprises ("SME") has been issued for the 2015-2018 period ("Action Plan"). It was prepared by the Small and Medium Enterprises Development Organization and announced in Official Gazette number 29466 on 5 September 2015. The Action Plan sets goals for the period to increase the contribution of SMEs to national economic growth and international competitiveness.

The first SME Strategy and Action Plan was issued in 2003 to meet commitments arising from the EU membership ascension process. Industry strategy and action plans ensure national development towards clearly identified goals, in a coordinated and consistent manner.

The Action Plan envisages five strategic objectives and 15 specific actions, taking into account the key problems currently facing SMEs in the industrial, services and commercial sectors. The strategic objectives are to:

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