SMEs need to innovate and compete in foreign markets, says Wee

Signing in: Dr Wee (right) penning his name on a banner at the launch of the SME Association of Malaysia’s fundraising campaign. Looking on are (from left) the fundraising campaign’s organising chairman Datuk Patrick Lim and association president Datuk Michael Kang.

SUBANG JAYA: Small and medium enterprises (SMEs) must develop their own value-added products and start exporting overseas, said Datuk Seri Dr Wee Ka Siong.

The Minister in the Prime Minister’s Department said SMEs contributed 18% of Malaysia’s exports and it is expected to increase to 25% by 2020.