As global value chains have become a dominant feature of today’s global economy, there is growing evidence that the nature of trade is changing, according to World Trade Organisation (WTO) deputy director-general Yonov Frederick Agah. Speaking during a panel discussion at the First Annual Global Employers’ Summit, Agah said world trade is now characterised by the international globalisation of production driven by technological progress, cost and access to resources and markets, reported the Gulf Daily News (GDN), our sister publication.

 

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