Question

what is the value creation models of the World Trade Organization (WTO) in the aspects of Global business environment ?

Answer 1

The creation of (Global Value Chain Development) GVC which is co-published by WTO(World Trade Organization), OECD (Organisation for Economic Co-operation and Development) and  the Institute of Development Economics (IDE-JETRO), the Research Center of University of International Business and Economics (UIBE) is one of the biggest step in linking, specializing and growing the global chains. To cut the trade costs, non-tariff trade costs, a surge of fragmented supply chains and competition, the multilateral agreements encompass the transfer of goods, services, resources, and ideas across countries. Importing, exporting, trade, licensing, franchising, and participation in international business for comparative advantage. It also launches the International Trade and Market access, an interactive tool which indicates data on merchandise and commercial services.