Global Trade and Value Chains
Building Resilient, Inclusive, and Sustainable Global Economies
Global trade and interconnected value chains have been among the most powerful drivers of economic growth, technological advancement, and poverty reduction over recent decades. Yet the shocks of recent years — from pandemics and geopolitical tensions to climate disruption and rising protectionism — have exposed critical vulnerabilities within the global trading system.
As economies become increasingly interconnected, resilience and sustainability can no longer be treated as secondary considerations. The future of global trade depends on the ability of governments, businesses, and international institutions to create value chains that are not only efficient, but also secure, inclusive, transparent, and environmentally responsible.
Supporting the work of the G20, the initiative brings together experts from trade policy, industry, finance, academia, and civil society to explore how global markets can better contribute to shared prosperity and long-term stability.
Our work focuses on key challenges shaping the future of trade, including:
Supply chain resilience and economic security
Sustainable production and climate-aligned trade
Digital trade and technological transformation
Inclusive participation for emerging and developing economies
Standards, governance, and multilateral cooperation
The future of industrial policy and strategic competitiveness.
The future of global trade will be defined not only by the movement of goods and capital, but by the ability of international cooperation to deliver stability, opportunity, and shared value in an increasingly uncertain world.
Our Working Group
Co-Chairs
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Senior Fellow at the Brazilian Center of International Relations (CEBRI). Vera Thorstensen is a Professor at the School of Economics at the Getulio Vargas Foundation, in São Paulo, and Head of the Center on Global Trade and Investments. She is the WTO Chair Holder in Brazil.
Latest work
POLICY BRIEF
The Return of Empire? Rethinking Colonialism in a Fragmenting World Order
The policy brief argues that the erosion of the postwar rules-based order is giving rise to a new, networked form of colonialism, characterized by extraction, asymmetry, and transactional power. Unlike classical empire, this “new colonialism” operates through digital infrastructures, financial systems, and geopolitical influence rather than direct territorial control. The authors interpret these dynamics as a pathological concentration of agency that undermines human flourishing.