GVC reconfiguration : risks and opportunities for ASEAN members / Sithanonxay Suvannaphakdy and Pham Thi Phuong Thao.

Format:

Book

Author/Creator:

Suvannaphakdy, Sithanonxay, author.

Contributor:

Pham, Thi Phuong Thao, editor.

Series:

Trends in Southeast Asia ; issue 4, 2023.

Trends in Southeast Asia ; issue 4, 2023

Language:

English

Subjects (All):

Business logistics--Southeast Asia.

Business logistics.

Southeast Asia--Commerce.

Southeast Asia.

Physical Description:

1 online resource (76 pages) : digital, PDF file(s).

Edition:

First edition.

Place of Publication:

Singapore : ISEAS - Yusof Ishak Institute, 2023.

System Details:

Mode of access: World Wide Web.

Summary:

The COVID-19 pandemic, geopolitical tensions and US-China trade disputes, and the Russia-Ukraine war have increased the risk of global value chain (GVC) disruptions and forced firms to strengthen resilience in their supply chains and operations. MNCs have diversified suppliers, established new production sites, and shifted production closer to consumers. ASEAN countries are becoming increasingly attractive destinations for foreign investors. This paper gauges the position of ASEAN in GVCs and assesses the risks and opportunities of GVC reconfiguration for ASEAN countries. ASEAN countries are increasing their participation in GVCs and raising domestic value-added. The relocation of production sites from China to ASEAN countries could enhance their participation in GVCs. Should MNCs increase the concentration of supplier and buyer markets, ASEAN countries could become more vulnerable to external shocks.<br><br>The upstream and downstream GVCs in ASEAN countries are dominated by the US, China and Japan. Extraregional trade integration could be enhanced by linking key suppliers and buyers in China, the US, and Japan to producers in ASEAN countries. Trade policy measures to strengthen ASEAN GVCs should focus on a faster release of perishable goods and intermediate inputs at border checkpoints, accelerating the cross-border paperless trade reforms, promoting the utilization of rules of origins under RCEP, streamlining non-tariff measures, and digitalizing ASEAN GVCs.

Contents:

Frontmatter

FOREWORD

EXECUTIVE SUMMARY

1. INTRODUCTION

2. ROLE OF ASEAN IN GLOBAL VALUE CHAINS

3. RISK LEVELS OF ASEAN'S GLOBAL VALUE CHAINS

4. CONCLUSION AND POLICY RECOMMENDATIONS

ANNEXES

REFERENCES

Notes:

Title from publisher's bibliographic system (viewed on 09 Jan 2024).

Includes bibliographical references (page 76).

ISBN:

9789815104127

9815104128

OCLC:

1374427211