Final Report - Professional Services Activities Environmental Scan Final Report - Professional Services Activities En | Page 120

8.3.4 Recommendation 4 4 Promote local SMEs to pursue overseas business opportunities Recommended Actions Stakeholder E.O.I. IMPACT Relevant government stakeholders to collaborate with industry associations to organize more trade and promotional events for the Professional Services sector. • • • Initiative 4.1 Stage major international conferences, roundtables and industry events which can provide opportunities for Malaysian SMEs to showcase their specialisations and capabilities Organise overseas trade missions / business development trips for local firms to explore export opportunities by meeting potential buyers in other markets, especially those within the ASEAN regions Platforms such as business-to-business matchmaking should also be replicated for the Professional services sector to bring together players in the region to discuss project opportunities within the sectors Industry associations should encourage SMEs to participate in these high-profile events to increase their international engagement and build strategic global relationships. MATRADE, Outsourcing Malaysia, SME Corp, Industry Associations H M Example To develop regional partnerships for Small and Medium-sized accounting Practices (SMPs) within ASEAN, Institute of Singapore Chartered Accountants (ISCA) has been actively organising business missions. Through targeted business matching sessions with overseas SMPs, local SMPs have identified and successfully forged partnerships with overseas SMPs. Environmental Scan – Professional Services Activities 121