Pacific Trade Deal Needs to Harmonize With Sustainable Development Goals. YaleGlobal. Shuaihua Wallace Cheng. October 22, 2015.
Developed and poorer developing nations often struggle to agree on global initiatives. But two major deals have been announced: The 193 members of the United Nations approved global action on 17 Sustainable Development Goals to reduce poverty, and 12 nations concluded negotiations on the Transpacific Trade Partnership, the largest regional trade agreement in history. The trade agreement supports the sustainable development goals in some ways and undermines them in others, explains Cheng. The world needs global leadership on trade that promotes sustainability and the United States could be in the position to provide such leadership, notes Cheng. The next chance is December’s World Trade Organization ministerial meeting at which the United States could encourage trade practices that promote freedom and fairness while reducing poverty. [Note: contains copyrighted material].
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