SUMMARY GVC are modern phenomenon that dictates nowadays world's trade flows, and is created by expansion of the activities of multinational companies and their dispersion of production processes across multiple countries. The nature of the 21st century has changed from the trade with finished goods to the trade of tasks where countries specialize within different segments of global value chains that adds value to the overall GVC. Trade with added value instead of the classic total country export is measured with the place of formation of value added, thus distinguishing domestic from foreign added value in total country export. Good business environment, available infrastructure, investment in knowledge, innovation and services, and the optimum legislative-policy framework of a country, makes a fertile ground for participation in the GVC. Trade with added value as an inevitable characteristic of global value chains, has given the ability to access the world market to all of those countries that wants to take part in a global trade game. Unfortunately Croatia did not utilized well the participation in the GVC, it occupies the last place of all the European Union countries. The opportunity offered by the participation in the GVC was best used by Luxemburg, Slovakia, Hungary and the Czech Republic.