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:
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