The World Trade Organization and the Environment

By P. K. Rao | Go to book overview

1

Global Trade Regimes

1.
1 Introduction

A functioning international economy is a prerequisite for continued economic and social advancement. Still, such an economy may or may not be at its efficient or 'optimal' levels of operation. A mere functioning economy is one of several conditions necessary for a sustainable economy and sustainable development (SD); such a functioning economy cannot lead to a sufficiency requirement for SD. A constellation of economic institutions and operations which are oriented toward these goals at the global, regional, national and local levels are necessary in order to put SD in place. International trade and finance are the two foremost significant aspects of the international economic linkages. Whether or not deeper economic integration is important for the international economy is not the main issue. Rather, it should be seen as a derivative of the objective of global welfare maximization: enhancement of the wealth and welfare of the current and future generations. The role of trade in this context remains important. In order that trade remains sustainable, the imperatives of sustainable development must be incorporated for sustainable trade regimes and policies. This holds well in the context of the popular attempts toward trade liberalization. The congruity as well as conflict in free trade and environmental protection need to be elucidated. This book focuses on these issues within the context of the role and activities of the new global apex trade body, the World Trade Organization (WTO).

The long history and tradition of inter-regional trade is abound with multiple and varied experiences during the past few thousand

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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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