WTO urges small companies to join int’l trade via global value chains

SMALL and medium enterprises (SMEs) should integrate themselves into global value chains (GVCs) to boost their chances of succeeding in international trade, the World Trade Organization (WTO) said in a report.

Global value chains help SMEs access foriegn distribution networks and get the most out of economies of scale, the WTO’s A World Trade Report released over the weekend said.