The WTO Thematic Course on Trade in Value Added and Global Value Chains concluded in Geneva on July 5, 2024. Opening the program on July 1, WTO Chief Economist Ralph Ossa emphasized the increasing significance of global value chains (GVCs) in international trade of goods and services. He noted that integration into GVCs and upgrading activities along supply chains have become crucial goals for investment, industrial, and trade policies in developing economies. Ossa stressed the need for policymakers to access comprehensive data to monitor changes in trade patterns and supply chain flows, especially during crises.
The course delved into core concepts and policy implications of trade in value-added indicators and explored various methodologies for assessing the impact of GVCs on trade. The program included knowledge sharing, hands-on practice, roundtable discussions, and live demonstrations.
Upon completing the training, Uroos Afshan from Pakistan described the course as "an eye-opener," appreciating the insight it provided into the complex dynamics of GVCs and their essential role in modern trade. She expressed enthusiasm about applying her new knowledge to policy and strategic initiatives in Pakistan.
Another participant, Souleymane Loum Thiam from Senegal, remarked: "The knowledge gained from this course will be extremely useful in my role in monitoring trade issues related to regional integration, especially with the advent of the African Continental Free Trade Area. It will enable me to deepen my analysis of intra-African trade by highlighting Senegal's connection to global and regional value chains, as well as the benefits for Senegal from its participation in intra-African trade."