Around the world, the small and medium-sized enterprises are a vital engine of innovation and job creation.

Therefore, understanding the real challenges and opportunities shaping the future of SMEs is a matter of the highest importance. In this issue, we look at how SMEs promote diversification of economic activities, support sustainable development, stimulate innovation and develop entrepreneurial skills, while contributing significantly to exports and trade. We also look at why International Standards are of economic importance, and how SMEs (despite all obstacles) stand to gain most from their use.