Wednesday, 27 April 2016

Are global value chains the kickstart that AEC needs? (Daniel Wu, East Asia Forum)

Laotian textile garment factory workers at work sewing clothes for export to Germany and other European markets, in the nation's largest textile factory located on the outskirts of Vientiane, Laos. (Photo: AAP).

ASEAN is on the lookout for ways to accelerate trade facilitation and eliminate trade barriers by 2025 under its new 10-year ASEAN Economic Community (AEC) roadmap. Extensive research has demonstrated the vital role of global value chains (GVCs) in enhancing economic integration and liberalising trade.

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