The international fragmentation of production has created the need for new measures of trade that account for the value that is actually added by a country to the goods or services it exports, net of the imported value of intermediate parts and components (trade in value added). By contrast, traditional trade statistics reflect gross value, thus double-counting the value of intermediates as they cross international borders multiple times. As a result, international trade statistics provide an inaccurate picture of trade involving heavily networked economies. For example, domestic value added is estimated to account for roughly 60 percent of the exports value of People's Republic of China (PRC) while its trade surplus with the United States is thought to be overestimated by about 40 percent . Only by duly accounting for trade in value added (TVA) can ADB research and policy advice be made reflective of the economic and social implications of production networks in the region.
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Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.