Global value chains (GVCs) are increasingly playing a leading role in production and trade for international markets. Today, more than a half of manufactured products in trade are intermediate goods for further processing in other countries. The values of imported goods in exports are also on the rise. Many manufacturing and service firms without direct involvement
in international trade are indirectly participating in GVCs as suppliers to firms in GVCs. As a window of opportunity to access international markets, to absorb new technologies and to follow
international standards of production, GVCs have tremendous implications for UNIDO's vision of inclusive and sustainable industrial development.
