Establishing Global Value Chains through the Liberalization of Trade in Services
by Hikari ISHIDO
This paper addresses the importance of establishing global value chains through the liberalization of trade in services. A database has revealed rather disconnected policy arrangements across APEC members in terms of service trade liberalization. While the economic benefits arising from harmonized and liberalized policy across APEC members are widely recognized in the business sector, relevant policy coordination seems to be missing. With this in mind, APEC could work on establishing its own harmonized “service trade commitment table” that would be centered on simple foreign capital participation criteria. This would surely contribute to forming an APEC-wide global value chain.
Keywords: Global Value Chain, trade in services, connectivity
JEL classification: F13, F15
Please note that discussion papers are works in various stages of progress and most have not been edited and proofread and may contain errors of fact or judgment. Revised versions of these papers may subsequently appear in more formal publication series. The views expressed in this publication are those of the author(s). The IDE does not guarantee the accuracy of the data included and accepts no responsibility for any consequences arising from its use.