The APEC Global Value Chain Partnership Platform, jointly launched by China and Indonesia, was recognized by 21 economies at the 23rd APEC Trade Ministers’ Meeting (Vietnam) on May 21, 2017, and it was written into the Action Plan of APEC Trade Ministers’ Meeting as one of the achievements.
Here is the extract from the Action Plan:
“We welcome the progress in implementing the work streams under the APEC Strategic Blueprint for Promoting Global Value Chains Development and Cooperation. We recognize the importance of ensuring SMEs’ participation in GVCs in both major industries and services. We note the establishment of the APEC Global Value Chain Partnership Platform. We welcome the activities made so far in implementing the Strategic Framework on Measurement of APEC Trade in Value-Added (TiVA), moving towards the eventual completion of the APEC TiVA Database by 2018.”