Economic research and trade policy analysis
Executive summary
Artificial intelligence (AI) is beginning to reshape the global economy.
Publishing Partners
The Global Value Chain Development Report 2025: is jointly published by the Research Institute for Global Value Chains at the University of International Business and Economics (RIGVCUIBE), the Asian Development Bank (ADB), the Institute of Developing Economies-Japan External Trade Organization (IDE-JETRO), the World Economic Forum, and the World Trade Organization (WTO).
Acknowledgments
The Global Value Chain Development Report 2025, the fifth in the series, draws on contributions from 34 background papers presented and discussed at the First Authors’ Workshop for the Global Value Chain Development Report 2025 hosted by the RIGVC, UIBE (Appendix XX).
Foreword
The Global Value Chain Development Report 2025: The Re-wiring of GVCs in a Changing Global Economy comes at a pivotal moment for the world economy. Over the past decade, international production networks have been tested by the COVID-19 pandemic, intensifying geopolitical frictions, financial uncertainty, and accelerating climate challenges.
Analytical chapter: The share of world trade on most-favoured-nation (MFN) terms
The share of world trade conducted on MFN terms fluctuated in 2025 in the wake of unprecedented changes in trade policies globally.