The World Trade Organization and the Environment

By P. K. Rao | Go to book overview
an actionable intervention on such members. None of these is conducive for harmonizing trade and the environment. Greater participation of the World Bank and the IMF to integrate the issues of including debt servicing and environmental issues, is essential. This integration could be sought in relation to debt and trade as well as trade and environment linkages. This is particularly relevant if these institutions can appreciate the role of integrating sovereign debt contracts with the compliance mechanisms required of various relevant multilateral environmental agreements.
Appendix I
Committee on trade and environment
(Decision of 14 April 1994)GATT Ministers, meeting on the occasion of signing the Final Act embodying the results of the Uruguay Round of Multilateral Trade Negotiations at Marrakesh on 15 April 1994, proposed to the new WTO General Council to constitute a Committee on Trade and Environment to:
a. to identify the relationship between trade measures and environmental measures, in order to promote sustainable development;
b. to make appropriate recommendations on whether any modifications of the provisions of the multilateral trading system are required, compatible with the open, equitable and non-discriminatory nature of the system, as regards, in particular: the need for rules to enhance positive interaction between trade and environmental measures, for the promotion of sustainable development, with special consideration to the needs of developing countries, in particular those of the least developed among them; and the avoidance of protectionist trade measures, and the adherence to effective multilateral disciplines to ensure responsiveness of the multilateral trading system to environmental objectives set forth in Agenda 21 and the Rio Declaration, in particular Principle 12; and surveillance of trade measures used for environmental purposes, of trade-related aspects of environmental measures which have significant trade effects, and of effective implementation of the multilateral disciplines governing those measures;'

The terms of reference of the Committee on Trade and Environment were described in the Decision as follows:

that, within these terms of reference, and with the aim of making international trade and environmental policies mutually supportive, the Committee will initially address the following matters, in relation to which any relevant issue may be raised;

the relationship between the provisions of the multilateral trading system and trade measures for environmental purposes, including those pursuant to multilateral environmental agreements;

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The World Trade Organization and the Environment
Table of contents

Table of contents

  • Title Page iii
  • Contents vii
  • List of Figures x
  • List of Boxes xi
  • Preface and Acknowledgements xiii
  • List of Abbreviations xv
  • Part I - Background 1
  • 1 - Global Trade Regimes 3
  • 1.5 - Concluding Observations 25
  • Appendix II - Gatt 1994 26
  • Appendix III - Regional Trade Regimes 27
  • References 28
  • 2 - Trade, Environment and Development 31
  • References 52
  • 3 - Multilateral Environmental Agreements 55
  • References 70
  • Part II - The World Trade Organization 73
  • 4 - Wto Articles of Agreement and Beyond 75
  • Appendix Ii: Wto Structure 90
  • Appendix Iii: Agreement on Tbt 91
  • References 93
  • 5 - Trade Policies and Environmental Provisions 95
  • Appendix I - Committee on Trade and Environment 114
  • Appendix II Extract of the Sps Agreement 115
  • References 117
  • 6 - Dispute Resolution Mechanisms 119
  • Appendix I - The Dispute Settlement Panel Process 132
  • Appendix II - Trade Disputes on Bananas 133
  • References 136
  • Part III - Policy Implications 139
  • 7 - International Trade and Environment: an Integration 141
  • References 162
  • 8 - New Role for the Wto 165
  • References 176
  • 9 - Towards a Better Future 177
  • References 181
  • Index 183
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