Untapping development potential of trade along global supply chains


This event, hosted by UK think tank Institute of Development Studies discusses a new multilateral initiative to strengthen the participation of LDCs in GVCs.

This seminar discusses a new multilateral initiative to strengthen the participation of Least Developed Countries (LDCs) in Global Value Chains (GVCs), advocating for a new ‘GVCs for LDCs’ scheme. The seminar is first in the IDS seminar series on inclusive trade.

Trade flows across complex global supply chains have generated improved economic growth and development outcomes. Exports by least developed countries (LDCs) in these chains often receive preferential access. Yet, despite a favourable context, LDCs have persistently low participation in world trade, with limited export diversification and low value-added. The Covid-19 pandemic has exacerbated these challenges. This seminar discusses a new multilateral initiative that proposes to strengthen the participation of these countries in Global Value Chains (GVCs), advocating for a new ‘GVCs for LDCs’ scheme.

Speaker:

Lucian Cernat. Head of Global Regulatory Cooperation and International Procurement Negotiations, European Commission

Discussants:

Mattia Di Ubaldo, Research Fellow, UK Trade Policy Observatory (UKTPO)

Karishma Banga, Research Fellow, IDS

Raphael Kaplinsky, Emeritus Fellow, IDS

Chair:

Amrita Saha, Research Fellow, IDS

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