Traditional trade, where a country produces a product or service that is exported to overseas consumers as a final good, now represents only around 30 per cent of all trade.

Question

Quizplus · Accepted Answer

True: About 70 per cent of trade is today linked to GVCs as intermediate products, services and components cross national borders, often multiple times, and further value is added, before they are exported as final goods.

Traditional Trade, Where a Country Produces a Product or Service