Certainly, the current Page 5 von 8  crisis holds some lessons: to promote not only efficient, but also robust and resilient global value chains in the future. For example, the build-up of safety stocks for essential goods could provide for sufficient buffers even though it requires a careful balancing of benefits and costs.
Upstream bottlenecks should be identified and avoided by broadening the supplier base. Governments can support the smooth functioning of global value chains by facilitating the smooth flow of goods and services and by supporting substitutability of inputs through harmonizing norms and standards. In lieu of conclusions: most imminent reform priorities Let me end by drawing your attention to the most pressing priorities.