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Digital trade needs more coordination, leadership
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Electronic documentation in trade has made impressive recent gains in Asia and the Pacific. Up to 38% of banks in the region report progress in digitizing their operations in 2015, and more than a third of countries had partially or fully implemented electronic customs systems by the end of last year.
The necessity of developing SME databases in Asian economies
![The necessity of developing SME databases in Asian economies The necessity of developing SME databases in Asian economies](https://www.asiapathways-adbi.org/wp-content/uploads/2015/05/The-necessity-of-developing-SME-databases-in-Asian-economies-180x180.jpg)
Considering the importance of small and medium-sized enterprises (SMEs) for employment and GDP and the number of such firms in Asian countries, further efforts need to be made to offer SMEs access to finance. Asian economies are often characterized as having bank-dominated financial systems and underdeveloped capital markets, and as a result, banks are the main source of financing for SMEs.
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