Global value chain in east asia
Download
1 / 12

Global Value Chain - PowerPoint PPT Presentation


  • 367 Views
  • Updated On :

“Global Value Chain” in East Asia. Michitaka Nakatomi President Japan External Trade Organization(JETRO). Implications of WTO/IDE study. Issues of "global value chains" and "vertical specialization" highlighted

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Global Value Chain' - emily


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Global value chain in east asia l.jpg

“Global Value Chain” in East Asia

MichitakaNakatomi

President

Japan External Trade Organization(JETRO)


Implications of wto ide study l.jpg
ImplicationsofWTO/IDEstudy

  • Issuesof"globalvaluechains"and"verticalspecialization"highlighted

    • Diversityandcomplementaritiesofproductionnetworkscause"fragmentedvaluechains"

    • The concept of "country of origin" isbecoming increasingly difficult to apply

  • Importanceofloweringtradebarriers

  • Anewtraderegimeis needed,asfirms go beyond national boundaries


The regime should include l.jpg
Theregimeshouldinclude:

  • Wider regionalcoverage

  • Universality

  • Eliminationoftradebarriers

    • Freermovementofgoods,services,capital,peopleandtechnologies

  • Contributiontoglobalbusinessactivities


Importance of wto l.jpg
ImportanceofWTO

  • WTOasauniversalregime

    • WTOasaregimeforensuringcompanies'productionsandactivitiesglobally

    • SwiftconclusionofDohaRoundnecessary

  • Aregimethatprovidessolutionstobusinesschallengesisneeded

    • Notonlytariffs,butalsoanti-dumpingrules,tradefacilitation,tradeandinvestment,competitionpolicyandintellectualpropertyrights,etc.cf.ChapterIV of the study:necessitytodealwithNTMs

  • Speed : Business requires a regime which responds quickly to its needs.


Complementary regimes for wto l.jpg
Complementaryregimes for WTO

  • FTAs

    • Bilateral

    • Regional

  • PlurilateralAgreements(suchasITA)

  • Otherbilateralorregionalcooperation

    ⇒ Consistency with WTO rules is required


Japan s action and global value chains in east asia l.jpg
Japan'sactionandglobalvaluechainsinEastAsia

  • SupplychainsinEastAsia

    • Deepeningofintra-regionaltrade

    • Thewidespreadsystemofsupplychains

  • Japan'ssupportforWTOregime

    • Only17%ofJapan'stradeiswithFTApartners

    • A multilateral-basedtraderuleisthebestsolution


Major flow of intermediate goods and finished goods in asia electrical electronic l.jpg
Major Flow of Intermediate Goods and Finished Goods in Asia (Electrical/Electronic)

1.6times (23.3←14.4)

US/

Europe

5.9times(124.4←21.1)

6.5times (25.1←4.6)

South Korea

1.1times

(27.4←24.2)

10.9times

(29.4←2.7)

1.8times(8.2←4.7)

Japan

China/

Hong Kong

3.2times (36.7←11.6)

1.6times(8.7←5.4)

4.9times (21.9←4.5)

9.8times (43.8←4.5)

Taiwan

ASEAN

1.3times (19.1←15.1)

Flow of finished goods

Flow of intermediate goods

2.1times (35.1←16.8)

2008←1998

2008←1998

* Electric/electronic machinery export value (billion USD)

Source: RIETI-TID(2009), White Paper on International Economy and Trade 2010 (METI)



Slide9 l.jpg

Japan’s s worldupporttowards the multinationalization of business

Vertical/horizontal integration across borders

1. Promotion of FDI

inward /outward FDI

See next page

2. Trade liberalization

3. Contribution to international

trade rules (ITA, ACTA etc.)


Japan s outward fdi by country region international investment position end of 2009 l.jpg
Japan’s Outward FDI by Country/Region world(International Investment Position, End of 2009)

Total: 740 billion USD

Sources: Prepared by JETRO from Ministry of Finance and Bank of Japan balance of payment and cross-border investment statistics, and Bank of Japan foreign exchange rates.


Master plan on asean connectivity l.jpg
Master Plan on ASEAN Connectivity world

  • To build the ASEAN Community by 2015, ASEAN designed a plan focused on Physical Connectivity (transportation, energy, ICT etc.), Institutional Connectivity (trade facilitation, MRAs etc.) and People-to-People Connectivity (tourism, education, culture etc.).

  • ERIA, ADB, UNESCAP and other International Organizations helped the ASEAN Secretariat in drafting the work.

  • The Master Plan was presented at the 17th ASEAN Summit in 2010.

Source: ERIA


Slide12 l.jpg

Japan’s support fostering: world

1. Connectivityin soft infrastructure

1) FTAs

E.g. (Completedwith):

Singapore, Malaysia, Thailand, Indonesia, Brunei,

Philippines, Vietnam, ASEAN, India

(Under negotiation with): Korea, Australia

(Under study with): China and Korea, Mongolia,ASEAN+3,

ASEAN+6

2) Trade facilitation

3) IPR protection, etc.

2. Connectivity in hard infrastructure

Infrastructure development

3. People-to-people connectivity

Human resource development (HRD)

Creating connectivity in ASEAN and with

the surrounding region


ad