Sustainability Standards and Their Trade Implications

Authors

  • Deepali Fernandes University of Zurich Rämistrasse, 8001 Zürich Switzerland Author
  • Yongmin Bian University of Zurich Rämistrasse, 8001 Zürich Switzerland Author

Keywords:

Sustainability, Green Economy, Trade, Standards, WTO

Abstract

Driven by market, consumer preferences and recent climate change discussions, the usage of ‘sustainability’ standards has over the last decade gained ground worldwide. Sustainability standards are largely voluntary, non-mandatory and an increasingly important component of the green economy. While on the one hand the usage of sustainability standards helps achieve several economic and environment objectives, on the other hand they can potentially act as barriers to trade in particular for small producers. This paper examines the potential trade and commercial aspects of sustainability standards in terms of their diversity, cost of incorporation and interaction with supply chains. It considers the compatibility of sustainability standards with the existing trade architecture of the World Trade Organization, drawing on relevant case law developments. Finally, it recommends the usage of international platforms such as the UNFSS and ITC Standards map, to enable prod-uct/service specific information sharing, conformity assessment and business networking.

Downloads

Published

2024-02-21

Issue

Section

Articles

Most read articles by the same author(s)

Similar Articles

1-10 of 103

You may also start an advanced similarity search for this article.