Wto Agreement On Sustainable Development

Trade can create employment and economic development opportunities for women. Trade has greatly increased employment opportunities for women. Jobs in export sectors also tend to have better wages and better conditions. Export sectors are an important source of employment for women in developing countries. There is growing awareness that well-planned and strategically implemented trade policy initiatives can have a positive impact on sustainable poverty reduction. Open trade has also led to a higher standard of living through higher productivity, increased competition, greater choice for consumers and better market prices. SDG 17 provides a mandate for global partnerships and cooperation for sustainable development. For the business and environmental communities, this means that governments, businesses, civil society and intergovernmental organizations must unite to take advantage of the many “win-win” business opportunities that can jointly improve countries` economies and environments. Trade leads to dynamic profits in the economy by increasing competition and the transfer of technology, knowledge and innovation. Open markets have been identified as a key determinant of trade and investment between developing and developed countries, enabling the transfer of technologies that lead to industrialization and development and contribute to the achievement of SDG 9. Trade is a strong ally for sustainable development. The founding agreement of the CMOs recognises sustainable development as a central principle. At the global level, changing development patterns have changed the prospects of the world`s poorest people and reduced inequalities between countries.

WTO rules aim to reduce the impact of existing inequalities through the principle of special and differential treatment of developing countries. This allows developing and least developed countries to use flexibility to accommodate their capacity constraints. In 2020, the HLPF will take place from 7 to 16 July 2020 under the auspices of the United Nations Economic and Social Council. The theme is “Accelerating Action and Transformation Pathways: Implementing the Decade of Action and Implementation for Sustainable Development”. The 2001 Doha Ministerial Declaration, which launched the ongoing negotiations, strongly reaffirmed this mandate (see paragraph 6). Ministers also requested the Committees on Trade and Environment and Trade and Development to serve as forums to identify and discuss the environmental and development aspects of the negotiations in order to contribute to the achievement of the Sustainable Development Goal (see paragraph 51). As a result, sustainable development has been a standing item on the agenda of the Committee on Trade and Environment (ETC). The Committee decided to consider the issue by sector and, in 2003, the Secretariat informed it of developments in the following negotiating areas: agriculture WT/CTE/GEN/8, non-agricultural market access (NAMA) WT/CTE/GEN/9, rules WT/CTE/GEN/10 and services WT/CTE/GEN/11. . .

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