Page 24 - Global Value Chains News Today

Mobile firms request govt to build polices to compete with countries There should be long term policies to address disabilities, stable tax regime aligned with the phased manufacturing plan, and review GST regime to boost domestic demand in the short term, says mobile firms PTI | March 5, 2021 | Updated 22:31 IST Representational Image Mobile manufacturers on Friday requested the government to come up with policies that focus on competition with countries and not companies, sectoral industry b...

"It is imperative to offset the disabilities vis-a-vis other countries and encourage Global Value Chains (GVCs) and domestic industry players to set-up manufacturing facilities in India. We need to build policies to compete with countries and not companies," ICEA Chairman Pankaj Mohindroo said.

Mobile manufacturers on Friday requested the government to come up with policies that focus on competition with countries and not companies, sectoral industry body ICEA said in a statement. Addressing a webinar on production linked incentive scheme on Friday, Prime Minister Narendra Modi said the scheme, aimed at boosting domestic manufacturing and exports, is expected to increase the countrys production by USD 520 billion in the next five years. The scheme was first notified to boost mobile...

Tuesday, 19:13, 23/02/2021 Vietnamese enterprises should dig into new technologies to improve product quality and brands so as to better engage in the global value chains, Minister of Industry and Trade Tran Tuan Anh has said. VinGroups Vsmart phones are distributed in Spain via MediaMarkt electronics retailer. (Photo: enternews.vn) Anh, who is also Chairman of the Party Central Committee’s Economic Commission, suggested that technological development within businesses could be made thr...

Author: Yvette To, CityU A priority in the Chinese Communist Party’s (CCP) 14th Five-Year Plan (2021–25) is to strengthen China’s autonomy in semiconductor production. This is in response to US sanctions restricting the supply of chips containing US technology to China. The trade war is a reminder for Chinese leadership that it can no longer rely on imports and must develop in-house core technology and pursue technological leapfrogging, especially in essential components such as semicondu...

Gaaitzen de Vries is an associate professor at the Department of Global Economics and Management of the University of Groningen, and Visiting Professor of Global Value Chains at the University of International Business and Economics, Beijing. His research is mainly on international economics and development economics. In particular, it is focused on structural change and economic development, the measurement, causes and consequences of global production fragmentation. Gaaitzen is a member of th...

IsDB and ICD Sign Agency Agreement to Implement R2 COVID Support Line of Finance 14/02/2021 Share Jeddah, Kingdom of Saudi Arabia, 14 February 2021 –  President of Islamic Development Bank (IsDB) Dr. Bandar Hajjar, and CEO of the Islamic Corporation for the Development of the Private Sector (ICD), Mr. Ayman Sejiny, have put their signatures to an Agency Agreement for the implementation of IsDB Group’s R2 COVID Support Package, which will assist IsDB Group Member Countries...

IsDB and THIQAH Sign Agency Agreement to Promote Investment and Trade in Member Countries

The outbreak in 2020 disrupted both supply and demand sides of an interconnected world economy. Asia and the Pacific was not immune as lockdowns and travel and trade restrictions affected nearly all aspects of cross-border economic activity. The Asian Economic Integration Report 2021 looks at how regional economies individually or collectively respond to the crisis by, for example, leveraging rapid technological progress and digitalization as well as increasing services trade to reconnect and ...

Most of international trade and investment occurs within GVCs accounting for 70 per cent of international trade.