Healthy regional and global value chains (GVCs) provide a model of sustainable and inclusive growth as policymakers and businesses gear up for the future in Asia Pacific.
For many smaller businesses, this is about transitioning from a low-cost supplier to becoming a fully integrated partner to a multinational, able to contribute distinct and specialized value. For others, it means navigating international trade rules among other factors in order to directly compete in global markets.
In both cases, helping SMEs build the management capacity and expertise to meet these requirements is key to boosting participation in GVCs.