| Author (Corporate) | European Commission |
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| Series Details | COM (2022) 409 |
| Publication Date | 22/06/2022 |
| Content Type | Blog & Commentary, News, Policy-making |
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Summary: Communication adopted by the European Commission on 22 June 2022, setting out a plan aimed at further enhancing the contribution of trade agreements concluded by the European Union (EU) to sustainable development. Further information: In June 2021, the European Commission launched an in-depth review with the objective of strengthening the ability of trade agreements as a whole - and not just their chapters on trade and sustainable development (TSD) - to champion sustainable trade, in cooperation with trade partners and in concert with other relevant EU policy instruments. As part of this review, the Commission requested an independent comparative study on TSD practices in third countries' trade agreement, which confirmed the EU as one of the pioneers and key front-runners in promoting sustainability via its trade agreements. A public consultation was also launched, which was accompanied by exchange of views with the Member States and other EU institutions. Based on all the feedback, the Commission identified a set of policy priorities and key action points, which aim at enhancing the effectiveness of existing engagement-based approach to TSD, grounded in the international framework and standards, with stronger enforcement rules. The new approach set out in this Communication includes a fully-fledged compliance stage and the use of trade sanctions in specific and well-defined cases. |
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| Source Link |
Link to Main Source
https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2022:409:FIN
Alternative sources
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| Related Links |
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| Subject Categories | Trade |
| Subject Tags | External Trade | Trade Agreements, Sustainable Development |
| International Organisations | European Union [EU] |
