Global value chains (GVCs) have been resilient in the face of rising geopolitical tensions, financial uncertainty, climate pressures and the COVID-19 pandemic according to the GVC Development Report 2025 launched at the WTO on 15 December. Director-General Ngozi Okonjo-Iweala said at the launch event that forward-thinking approaches are vital amid the ongoing shifts to ensure more people and economies are integrated into GVCs.World Trade Organization — Latest news