Investigación económica y análisis de políticas comerciales

In June 2022, at the WTO’s 12th Ministerial Conference (MC12), the entire WTO membership recognized that the world is facing “global environmental challenges including climate change and related natural disasters, loss of biodiversity and pollution”. It also noted “the importance of the contribution of the multilateral trading system to promote the UN 2030 Agenda and its Sustainable Development Goals, in its economic, social, and environmental dimensions, in so far as they relate to WTO mandates and in a manner consistent with the respective needs and concerns of Members at different levels of economic development”. This acknowledgement came after an increased level of discussions at the WTO’s Committee on Trade and Environment (CTE) and other WTO bodies, and initiatives on how trade and trade-related policies could be harnessed and better aligned with climate objectives.

The Global Value Chain Development Report 2023: Resilient and Sustainable GVCs in Turbulent Times is jointly published by the Research Institute for Global Value Chains at the University of International Business and Economics (RIGVC-UIBE), the Asian Development Bank (ADB), the Institute of Developing Economies – Japan External Trade Organization (IDE-JETRO), and the World Trade Organization (WTO).

Even though trade is indispensable for both climate change mitigation and adaptation, it has too often been overlooked in the global response to the climate crisis. This is set to change at COP28 where, under the presidency of the United Arab Emirates, trade will feature prominently on the agenda.