SPECIAL REPORT
APEC Strategic Blueprint
- Global Value Chains
Development and
Co-operation
Compiled by Jane Fong Jeng Sing
Global Value Chains (GVCs) are an increasingly common way of organising production in the AsiaPacific, and elsewhere in the world. Goods are moving across borders multiple times before being
shipped to the final consumer at the end of a complex production process. GVCs allow businesses
to work together across borders to capitalise on the advantages that different economies offer.
APEC Economic leaders gathered for the 22nd APEC Economic Leaders Meeting on November 11,
2014 in Beijing and recognised that GVCs have become a dominant feature of the global economy
and offer new prospects for growth, competitiveness and job creation for APEC economies at all levels
of development. At the conclusion of the meeting, the APEC leaders endorsed the APEC Strategic
Blueprint for promoting Global Value Chains Development and Co-operation.
G
APEC STRATEGIC BLUEPRINT
VCs have become a dominant feature of
the global economy. Better understanding
and supporting the “trading tasks” involved
in adding value to the final products that cross
borders has become paramount to realising a
more effective policy and regulatory framework for
global trade. Efficient and workable GVCs within
and between APEC economies has accordingly
become a key focus for economies at all levels of
development.
Given the diverse needs and situations of APEC
economies participating in global trade networks
today, an overall policy direction guiding improved
co-operation and a more focused GVC evolution
is essential to facilitating sustainable, inclusive
and balanced growth in the Asia-Pacific region.
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