During his visit China, Angel Gurría attended the Global Value Chains in the 21st Century conference, organised jointly by the OECD, UNCTAD, and the WTO in partnership with China's Ministry of Commerce.
Global Value Chains have become a dominant feature of today’s global economy, encompassing emerging as well as developed economies. This process of international fragmentation challenges our conventional wisdom on how we look at and interpret trade and investment and, in particular, the policies that we develop around it. And although the role of global manufacturing is now well recognized, we still lack appropriate data to measure it and fully understand all implications.
The aim of this conference was to explore the policy implications of global value chains on trade, investment, statistics and developing countries. The participants also reviewed various existing approaches to measure the value added content of trade and discuss practical aspects of their implementation.
Mr Gurría delivered remarks and participated in a Panel discussion on “How Global Value Chains have altered the landscape of international trade and investment” (Read the speech).
In Beijing, the Secretary-General also met with several high level representatives of the Chinese government and business, including:
- Wang Qishan, Vice Premier
- Yuan Guiren, Minister of Education
- Zhou Xiaochuan, Central Bank Governor
- Minister Liu He, Vice Chairman of the Office of the Leading Group for Financial and Economic Affairs
- WTO Director General, Pascal Lamy
- UNCTAD Secretary-General, Supachai Panitchpadki
- BIAC China Task Force
For further information, journalists are invited to contact the OECD Media's Division: tel: (33) 1 45 24 97 00
Measuring Trade in Value Added: An OECD-WTO joint initiative
Beijing: Better data for better analysis and better policies