In the current context of uncertainty in the global trading environment, the need to establish greater linkages within and across a wider array of regions is increasing. The slowdown in the growth of global trade after the 2009 global economic crisis speaks to the need for Easy Asian countries to diversify their mix of products and markets which have been driven by regional and global value chains. In order to take full advantage from trade and investment potential in the two regions, an assessment of the opportunities for expanding economic linkages within each region is critical. To understand the potential, the first step of Value Chain Development for Deeper Integration of East Asia and Latin America is to analyse existing productive linkages and value chains in each region. This first-step exercise will be instrumental to leverage the complementarities that exist within the region. Results from the study will feed in two the next step study which aims to identify for the complementarities between economies the two regions.
This research is funded by The United Nations (UN)-the Economic and Social Commission for Asia and the Pacific (ESCAP) in Bangkok