NEWSLETTER ISSUE #2/2016
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Global Value Chains (GVCs) under the spotlight
Over the past six months, TRADE has hosted two roundtables at its premises in Potchefstroom under the auspices of the WTO Chairs Programme (outreach component).
At the first roundtable on 25 January, which drew participants from academia, government and the private sector, Dr Sonja Grater gave an overview of the different empirical methods that can be used to analyse Global Value Chains (GVCs) and discussed some of the databases that support this process, including the OECD-WTO TIVA Database and the World Input Output Database (WIOD).
At the second roundtable on 15 March, the dti’s Chief Director for Industrial Procurement Dr Tebogo Makube addressed the group on the government’s (re)industrialisation drive, explaining how a more productive manufacturing sector (supported by new local content legislation) can boost South Africa’s capacity to produce value-added goods and clear the way for more active participation in Global and Regional Value Chains.
What emerged from the two roundtables – and what was echoed at a stakeholder dialogue on GVCs and SMEs organised by the GEGAfrica group in May - is that SMEs are finding it difficult to participate in Global Value Chains because of insufficient technical and entrepreneurial skills and (in South Africa’s case) a policy landscape that does not adequately address SMEs' interests and concerns.
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Global Value Chains (GVCs) under the spotlight
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