Connecting 1 million women entrepreneurs to markets by 2020
Ms. Gonzalez set out ITC’s work on women’s economic empowerment with a focus on the SheTrades initiative during a press briefing in Jakarta. Developed by women entrepreneurs for women entrepreneurs, SheTrades is a platform for connecting women-owned businesses with sourcing companies and which aims to connect 1 million women entrepreneurs to markets by 2020.
The initiative’s call to action spells out how governments, the private sector and civil society can support women-owned businesses. Governments can commit to reforming discriminatory laws; multinationals can sign up and pledge to source from women run enterprise. Financial institutions can pledge to ensure all-important access to credit for women entrepreneurs.
Indonesian women already play leading roles in the economy. They can be found at the top of the Indonesian business world in everything from oil and gas to cutting-edge tech companies. And yet, only 17% of members of parliament are women and less than a third of firms have women in senior management positions.
Indonesia’s small and medium-sized enterprises (SMEs) generate the bulk of jobs in Indonesia, but are far less productive and less globally integrated. Through SheTrades initiative, ITC seeks to increase the participation of women entrepreneurs and producers in global value chains and to ensure that they enjoy greater economic benefits from participating in international trade.