As more people grow concerned about where their products come from, how they are sourced, and the processes used to make them, demand for sustainable products could begin to reshape global trade.
Sand is a critical component in many of the products we depend on every day. Demand for sand is expected to increase in the coming years, especially in developing countries faced with increasing populations, urbanization and economic growth. But despite its importance worldwide, sand is one of the least regulated resources today.
“Ugly” produce is a local trend serving a niche market. But if it does go global, there are a number of changes that would need to be made to standards at international, national and retailer levels on how we define what food “should” look like.
Government subsidies to fishing industries may be accelerating the depletion of fish stocks. Nearly 90 percent of the world’s fish stocks are at risk of being overfished. WTO members first started negotiating on fisheries subsidies in 2001 and have vowed to reach an agreement restraining these kinds of subsidies by the end of 2019.
First launched in 2016, the Hinrich Foundation Sustainable Trade Index ranks each economy’s ability to participate in global trade in a way that creates sustainable growth, encourages foreign direct investment, and attracts support from multilateral development agencies. Built by the Economist Intelligence Unit, the index measures the readiness of 19 economies in Asia and the United States to trade sustainably.
Underwear, panties, intimates, undergarments, bras, lingerie, undies – whatever you call it, American women buy a lot of it every year. Much of it comes from Sri Lanka. In recent years, Sri Lanka has shown it not only makes intimates designed to accentuate a woman’s curves — it’s also getting ahead of the sustainability curve.
The idea of carbon tariffs has been resurrected after the United States announced it would withdraw from the Paris Climate Agreement. Such tariffs are subject to a complex framework of rules under the WTO.
Trade has been a remarkable engine of economic growth and development, lifting hundreds of millions out of poverty since the birth of the modern trade system in Bretton Woods more than six decades ago. But how can a country trade sustainably, and deliver not only balanced economic benefits to its citizens, but also strengthen social capital and provide responsible environmental stewardship?
According to a new study, reducing tariffs on LED light bulbs by 3.6 percent would save American households $320 million each year. How? Lowering the tariff on imported LED bulbs makes it cheaper to buy them. Lower prices also raises demand, leading to greater usage. Using more energy efficient light bulbs could cut electric bills by $129.6 million and lower the number of kilowatt hours in the United States by 238 million every year.
The Environmental Goods Agreement (EGA) is an effort by 17 participants representing 46 WTO Members to eliminate tariffs on a range of goods related to protecting or improving the environment. Together, these 46 Members account for 90 percent of environmental goods trade worldwide. The EGA would eliminate tariffs on a negotiated list of products designated as “environmental goods,” and would be signed by a subset of WTO Members. Trade practitioners call this type of agreement a plurilateral sectoral agreement: many countries, one sector.