The Euro-Med industrial cooperation process

EBESM is a milestone in a twenty-year long process that strengthens industrial co-operation between the EU and its strategic MED partners.

The Euro-MED industrial cooperation process under the Euro-Mediterranean partnership is assisting the establishment of an area of shared prosperity between the EU and MED partner countries. This cooperation seeks to support the enhancement of sound regulatory frameworks, conducive to business and entrepreneurship.

EBESM activities are linked to the Work Programme of the Euro-MED Industrial cooperation working group and follows the assessment of SME policies in MED countries carried out in 2014 by the European Commission, the Organisation for Economic Cooperation and Development (OECD), the European Training Foundation ETF) and the European Investment Bank (EIB).

This assessment was based on the Small Business Act for Europe and was coordinated by SBA coordinators who are the main EBESM interlocutors at country level.  A previous assessment (2008) was based on the Euro-Med Charter for Enterprise, used as policy framework before the 2011 decision by MED ministers of industry to align the Charter with the SBA.

EBESM will help countries implement the recommendations of reform priorities identified in the evaluation report SME Policy Index: The Mediterranean Middle East and North Africa 2014, Implementation of the Small Business Act for Europe to help unleash the potential of their SMEs.

Private sector development in the Southern Mediterranean programme

EBESM is also part of the €12M  “Private sector development in the Southern Mediterranean programme”, which aims at fostering the development of a favorable business environment for MSMEs in the ENP South region, to develop quality Euro-Mediterranean networks providing adequate support and services for investing MSMEs, and to demonstrate the potential of cultural and creative industries (via pilot initiatives) in promoting inclusive growth. It targets SMEs by intervening at:

  • macro-level (MSME business enabling environment);
  • meso-level (reinforcing MSME support agencies); and
  • micro-level (support for regional clusters in the cultural and creative industries).

 


[1] The EU cooperation with government and public institutions from Syria is temporarily suspended.