Since the St Petersburg summit in 2013, the G20 has established an agenda designed to promote inclusion of SMEs in GVCs. This culminated in the official launch of the World SME Forum (WSF) by the G20 Turkish Presidency on 23 May 2015 in Istanbul, in partnership with the International Chamber of Commerce (ICC), the Union of Chambers and Commodity Exchanges of Turkey (TOBB), and the World Chambers Federation (WCF). China has emphasised the importance of this agenda in their pre-G20 summit documents. Overall, the Chinese, and presumably G20, goal, is to promote inclusion of SMEs into GVCs, within a rules-based global trade and investment system.
While these goals are widely shared, how to give effect to them is more contentious. Promotion of inclusion can be pursued in multiple ways, from partnering with the ‘lead firms’ that drive GVCs, to coercing them to integrate SMEs into sourcing decisions. This spectrum of possibilities has divergent implications for the construction of rules governing trade and investment.
In this light, the Global Economic Governance programme has now produced a Discussion Paper and Policy Brief discussing the issues and potential interests of Africa in these discussions. The papers are informed by the Scoping workshop event on the 23 May 2016 and our experts present a number of practical ways in which African countries can use this forum to address national constraints.
See more work on Value Chains.
SMEs and GVCs in the G-20:Implications for Africa and developing countries.
Media Alert: The G-20 Summit and Global Value Chains: Implications for Africa.
Interview: G-20 Summit and Global Value Chains, Implications for Africa.