Key Issues
In the global economy, distance is increasingly irrelevant for companies as they seek to source goods and services. This has created opportunities for both developed and developing countries.
The same process, however, threatens domestic producers who have not reached standards expected by global buyers. Understanding global value chains, therefore, has become key to facilitating the participation of small domestic suppliers in the international production system.
In this session, organized jointly with the International Trade Centre (ITC), panellists will explore ‘best practices’ in supplier development programmes and analyse the role of investment promotion agencies in establishing sustainable global value chains.
Speakers will address the following questions:
- How can public and private sector representatives encourage domestic firms to exploit the opportunities presented by globalizing production patterns?
- What effective incentive structures can policymakers introduce to maximize local and regional sourcing by international firms?
- Which sectors are most suitable for linkage development, offering the best opportunities for TNC-SME linkages?
- What are the "best practices" in successful supplier development programmes?
- How can IPAs build bridges between global and local companies and what role can IPAs play in the implementation of business linkages programmes?