Trade And Sustainable Development (Tsd) Chapters In Eu Free Trade Agreements (Ftas)

With which partners do we have a commercial and sustainable chapter? The EU should not be attracted to a bad choice; Instead of completely throwing its existing model overboard and replacing it with a new one, the EU should instead rely on existing approaches. Dialogue and consultation should remain the main instrument of cooperation with the partners of the free trade agreement on TSD issues, but the complementary unilateral removal of trade preferences could be linked to some problematic areas. Dispute resolution could only exist in the event of a relapse, so that the partner country can challenge the EU`s decision if it does not agree. Trade and Sustainable Development in EU Free Trade Agreements As part of its free trade agreement with South Korea in 2009, the EU incorporated chapters on trade and sustainable development (SSD) into its trade agreements and committed both sides to complying with standards set out in multilateral environmental agreements, such as the Paris Agreement on Climate Change and the International Labour Organization Conventions. For example, the recent Japan-EU Economic Partnership Agreement (JEEPA) contains a chapter on trade and sustainable development; the EU-Canada Comprehensive Economic Agreement (CETA) takes a slightly different approach and has three separate chapters on trade and sustainable development (Chapter 22), trade and labour (23) and trade and the environment (24). In certain circumstances, the EU should subordinate trade concessions to partner countries` compliance with international environmental and labour standards. This will strengthen the coordination of the EU`s trade and sustainable development agenda and strengthen support for openness. The European Parliament insists that the EU withdraw its trade privileges in the event of a breach of agreed environmental and climate standards. In exchange, Commission President Ursula von der Leyen instructed Trade Commissioner-designate Phil Hogan to use existing trade instruments to “support sustainable development” and to “closely monitor the implementation of the EU`s free trade agreements on climate, environment and labour.”