The Committee on Market Access recently held its third thematic session focused on supply chain resilience. The session was moderated by Mr. Iain Fifer from the United Kingdom, who highlighted the importance of trade data in understanding and improving supply chains. He pointed out challenges in obtaining reliable data and emphasized its role in decision-making.
Thailand addressed logistical issues related to train freight routes from Thailand to Europe, citing customs clearance problems, lack of standardization, and higher costs compared to sea freight as major obstacles. It also mentioned that rail infrastructure limitations add complexity.
China stressed the significance of multilateral and bilateral trade frameworks like those supported by the WTO for smooth supply chain operations. It noted technological advances in big data and green energy as key influences on global supply chains' development. China announced it would release its Global Supply Chain Connectivity Index at the second China International Supply Chain Expo in November 2024.
India discussed the fundamental pillars of supply chains—production, logistics, and markets—and emphasized digital infrastructure's role in enhancing resilience. It highlighted initiatives such as the Unified Logistics Interface Platform and PM Gati Shakti National Master Plan for improving connectivity and efficiency using geospatial data.
The United States introduced a new Supply Chain Center within the Department of Commerce aimed at bolstering resilience. The "Scale" tool developed by this center evaluates risks across sectors by analyzing over 40 indicators of criticality, vulnerability, and resiliency in supply chains.
Switzerland presented an OECD-led initiative to improve transparency and resilience in medical supply chains, motivated by shortages during the COVID-19 pandemic. This project includes a monitoring mechanism to enhance visibility and address future disruptions through international cooperation and advanced technologies like artificial intelligence.
In conclusion, Mr. Fifer reiterated the importance of data design and collection for understanding various supply chains comprehensively. He stressed that data sharing is crucial for effective policymaking once analysis is complete. The session featured examples of policy initiatives shaped by data-driven projects.
Ms. Nicola Waterfield from Canada, interim Chair of the Market Access Committee, expressed gratitude for the presentations and discussions' importance. She announced that the next formal meeting is set for November 19-20, 2024.