Topic: USOECD: An Update on OECD-WTO's Joint Initiative Measuring Trade in Value Added
Host: Charge d’Affaires Jeri Guthrie-Corn, Trade Advisor Daniel Harris, and ESTH Officer Greg Garramone
Date, time, time zone for call: Monday, March 25, 2013; 11:00 a.m. EDT (4:00 p.m. local)
Deadline for RSVPs: March 22, 2013
Date when call-in number will be provided to participants: March 22, 2013
Brief description of call: When Apple Computer ships a new iPad to a consumer, it may come from a factory in China but its origin tells only one part of the story. Applying the traditional method for measuring trade between one exporter and one importer ignores the modern internationally fragmented production process. While assembly may take place in China, the iPad may contain a French accelerometer, a Korean touch-screen display, Japanese memory chips, and an American wireless chip. Services required for each iPad to reach its consumer implicates many more links in the complex global value chain.
Recognizing that traditional measures of trade recording gross flows of goods and services each and every time they cross borders may not accurately reflect modern trade patterns, the Organization for Economic Cooperation and Development (OECD) and World Trade Organization (WTO) sponsored a joint initiative to develop a database of Trade in Value Added (TiVA) and to mainstream their production within the international statistics system. OECD launched the TiVA database in January, along with an initial look at the data’s implications. The webinar will update participants on the project, what conclusions we can draw currently, and where we expect it is going. It will also provide us, the U.S. delegation to the OECD, with your thoughts, views, and any additional issues for consideration.
A video describing TiVA can be seen at the following link: http://www.youtube.com/watch?feature=player_embedded&v=RZKX-0SK41U.
For more information, click here.