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9.00 – 9.30 am

Registration and Arrival

9.30 – 9.35 am

Welcome Remarks

Nicholas HILL, US Embassy, Economic Minister Counselor

9.35 – 9.45 am

Opening Remarks

William SHPIECE, USTR, Chief Economist  

9:45 –9:55 am

Overview of Global Value Chains and Trade-in-Value Added

What are Global Value Chains and Trade-in-Value Added why do they matter for policy analysis? Dr. Hallren provides a concise overview of the topics as an introduction for our program.

Ross HALLREN, PhD, International Economist, USITC

9.55 – 10.40 am

Impact of globalization on the distribution of value added: contrasting perspectives of the United States and China

This presentation compares and contrasts the differing perspectives of the United States and China on the way that economic globalization affects the distribution of value added, both within and across borders.

Satoshi INOMATA, PhD, Chief Senior Researcher, Institute of Developing Economies, JETRO

10.40 – 10.55 am

Coffee Break

10.55 – 11.40 am

Do Strong Export Relationships Imply Economic Dependencies

Dr. Hallren shows the importance of considering Global Value Chains when assessing the costs of quotas, both the size of the impact and who is affected.

Ross HALLREN, PhD, International Economics, USITC

11.40 – 12.25 am

Role of trade policies and trade agreements with GVCs

Does the rise of GVCs introduce a new reason for trade policy intervention and change the purpose and design of trade agreements? Dr. Obashi overviews recent studies in the commercial policy literature and discusses how the conventional market access argument should be modified in the presence of GVCs.

Ayako OBASHI, PhD, Assistant Professor of International Economics, Aoyama Gakuin

12.25 – 12.30 pm

Wrap-up