“Made in the World”

In 2012, the WTO and the Organisation for Economic Co-operation and Development (OECD) developed a database on bilateral trade flows measured in value-added terms rather than the traditional customs value. The "Made in the World" Initiative and its implications for trade and development policies was also the subject of several international seminars. At its Puerto Vallarta meeting in March 2012, the G20 highlighted the importance of understanding the role of global value chains in international trade and their implications for the world economy.