A presentation on World Trade Organization & Sustainable Development Prepared By: Group -01 Presented By: 152107 152115 Contents Introduction Concepts of WTO and Sustainable Development Relation between WTO and Sustainable Development Sustainable development as a WTO legal principle Actions of WTO regarding Sustainable Development Conclusion Introduction At both a global and national level, trade is an increasingly important element in sustainable development. The goals of trade liberalization and sustainable development are mutually supportive. The focus of sustainable development is far broader than just the environment. It's also about ensuring a strong, healthy and just society. Introduction This means meeting the diverse needs, promoting personal wellbeing, social cohesion and inclusion, and creating equal opportunity. Trade liberalization leads to greater prosperity, which creates the resources for better environmental management and social policies. So, it can be told that WTO has a great connection with sustainable development Concept of WTO and Sustainable Development WTO :- It is an organization for trade opening. It is a forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules. Sustainable development: "Sustainable development is development that meets the needs of the present, without compromising the ability of future generations to meet their own needs. Relation between WTO and Sustainable Development WTO and sustainable development are closely linked. In the words of the WTO Secretariat, “the WTO’s founding agreement recognizes sustainable development as a central principle, and it is an objective running through all subjects of Doha negotiations”. The WTO interpretation has emphasized that the goals of trade liberalization and sustainable development are equally reassuring. Trade liberalization leads to greater prosperity creating the resources for the betterment of environmental management and social policies. Sustainable development as a WTO legal principle The term sustainable development has been included in the Marrakesh Agreement which founded the WTO, as well as Appellate Body decisions, the Doha Development Agenda, and the terms of reference for the Committee on Trade and Environment. One of objectives is “to identify the relationship between trade measures and environmental measures, in order to promote sustainable development” Sustainable development as a WTO legal principle The 2001 Doha Ministerial Declaration furthered the notion that trade liberalization should contribute to sustainable development. As well as mandating sectorby-sector analysis of sustainable development by the Secretariat. It also contains Paragraph 51, which instructs the Committee on Trade and Environment (“CTE”) and the Committee on Trade and Development (“CTD”) . Actions of WTO regarding Sustainable Development . The SDGs put significant emphasis on the role that trade can play in promoting sustainable development. There are direct references to WTO activities in many of the SDGs, including: SDG 2 on hunger, food security, nutrition and sustainable agriculture SDG 3 on healthy lives and wellbeing SDG 8 on economic growth, employment and work SDG 10 on inequalities within and among countries Actions of WTO regarding Sustainable Development . SDG 14 on oceans, seas, and marine resources. SDG 17 on strengthening the global partnership for sustainable development contains a separate section on trade, including a commitment to promoting a “universal, rules-based, open, non-discriminatory and equitable multilateral trading system” under the WTO. Actions of WTO regarding Sustainable Development Trade to promote growth and reduce poverty Trade as part of a long-term strategy against hunger A linkage between trade and the environment Using WTO flexibilities to protect public health Using trade to help disseminate energy technologies Strengthening global trade cooperation for sustainable development Trade to promote growth and reduce poverty Increase Aid for Trade support for developing countries, in particular the least-developed countries (LDCs) (SDG 8) Implement the principle of special and differential treatment for developing countries, in particular LDCs (SDG 10) Significantly increase the exports of developing countries, in particular with a view to doubling the LDC share of global exports by 2020 (SDG 17) A linkage between trade and the environment Amid growing concerns about the grave problems of overcapacity and overfishing in today's modern fisheries fleets. And the role that subsidies could play in exacerbating these problems, SDG 14 calls for a prohibition by 2020 on “certain forms of fisheries subsidies that contribute to overcapacity and overfishing, and to eliminate subsidies that contribute to illegal, unreported and unregulated fishing”. Using trade to help disseminate energy technologies SDG 7 does not directly mention trade but it underlines the importance of “international cooperation to facilitate access to clean energy research and technology, including renewable energy, energy efficiency and advanced and cleaner fossil-fuel technology”. That makes lower the cost of attaining key environmental protection goals in developing and developed countries alike. Conclusion Only an excessively compromise-driven interpretation of sustainable development would state that it is simply a by-product of the WTO’s primary mandate of trade liberalization. A more robust interpretation must recognize that the goals represented by trade liberalization, on the one hand, and environment and social welfare regulation. Thank you