TOKYO, March 24 (Bernama-BUSINESS WIRE) — Does competitiveness of agribusiness really increase in ASEAN? The answer is yes according to the ASEAN-Japan Centre. The Centre provides a solution to this question by participating more in global value chains (GVCs) of agribusiness in its report, “Global Value Chains in ASEAN: Agribusiness,” issued today (https://www.asean.or.jp/en/centre-wide-info/gvc_database_paper15/).
Agribusiness1 plays an important role in the socio-economic development of the Association of Southeast Asian Nations (ASEAN), accounting for 12% of GDP in ASEAN on average in 2018. Agribusiness also provides jobs and livelihood to 100 million people, or one-sixth of the total population, and their families in ASEAN.
