Ratify and Implement the New Measures of Trade

Transcript:Ratify and Implement the New Measures of Trade:
Ratify and Implement the New Measures of Trade Agreements Following Sustainability? The EU-ASEAN FTAs ImprovEUorGlobe Una Europa Bologna, 3-4 July 2023 Written & presented: Lien Nguyen Green economy and global governance Key green policymaking players and focus Great potential for triple-win possibilities/“triple bottom line” of economic-driven indicators: job-creating economic growth environmental protection social inclusion Channels that free trade could affect the environment scale transformation of the input-output matrix technology Global trade (recorded at $32 trillion for 2022) is a big part of the global economy and economic success of major middle-income countries and some low-income countries. Harmful effects international transportation intensive use of resources/pollution-intensive production detrimental consequences for labour conditions Approaches to integrating economies, social and environmental concerns Interdependence and balance of dependence associated risks: market volatility, geo-political tensions and instability dynamic equilibrium between the economy, social stability preservation of natural resources Integrating these concerns into trade agreements interventions: necessary instruments, new standards and measures formal negotiation process by diplomatic groups capitalisation socio-political processes of concretisation consensus Implementation of social and environmental progress and standards, preservation of biodiversity in foreign trade agreement Ratification ultimate goals dedicated resources to further mainstream sustainable development market creation sector specific stakeholder coordination and consultation broader conceptions of how business should relate to its stakeholders Principles transparency public participation and rights to regulate environmental matters social-economic responsibility to exchange best practices and information new, more far-reaching environmental regulations and comprehensive cooperation key line ministries and justice and human rights institutions sector basis involvement of civil society organisations dispute resolutions by WTO global legitimate authorities that protect public interests Implementation of social and environmental progress and standards, preservation of biodiversity in foreign trade agreement Principles international co-operation and co-ordination to mitigate unnecessary trade costs prevent systems from fragmentation and collapse multidimensional approach to tackling poverty and promoting the well-being of minorities and vulnerable groups new and fit-for-purpose partnerships identify synergies complementarities to foster interdisciplinary perspectives and mutually supportive solutions diplomatic cadre to maximise synergies, mitigates adverse knock-on consequences and develop strategies trade goals related to biodiversity: the capacity of local communities to pursue sustainable livelihood opportunities, mitigation of negative impacts and companies size and capitalise on trade opportunities Policy frameworks structures designed for the ethnic, racial, or religious groups in a hostile or adversarial relationship informal channels of policy impact and analysis of nonfinancial transactions for the poor portfolio of difference technologies and lengths of time