000 02424nam a22003977u 4500
001 pwiiw5589
003 OSt
005 20260518120020.0
008 210129t2021 au ||||| |||| 00| ||eng d
040 _cOSt
041 _aeng
084 _aF13
_aF14
_aF18
_aF64
_aO13
_aQ56
_2jelc
100 1 _aGrübler, Julia
245 1 0 _aWanted! Free Trade Agreements in the Service of Environmental and Climate Protection
260 _aWien :
_bWiener Institut für Internationale Wirtschaftsvergleiche (wiiw),
_c2021.
300 _a93 S.,
_b13 Tables and 18 Figures,
_c30cm.
490 1 _awiiw Research Reports
_v451
520 _aThe effects of international trade on the planet’s climate and environment are manifold and complex. This makes assessment of the impact of free trade agreements (FTAs) a delicate matter. This study provides an overview of the development of sustainability chapters in FTAs and discusses their potential and limitations. It highlights particular industry-specific environmental issues related to EU trade, especially with developing countries, and presents complementary policy options. In this vein, it zooms in on the EU-Mercosur FTA, for which a political agreement was reached in June 2019. It contrasts the estimated cost of increased CO2 emissions attributable to intensified trade relations, as one element of the ‘pains from trade’, with the estimated ‘gains from trade’ arising from lower prices for consumers. The analysis suggests that the benefits outweigh the costs; yet, the result is sensitive to assumed prices for pollutants. Furthermore, the effectiveness of the incorporated sustainability chapter is limited by its enforceability. The latter provokes a discussion on the modernisation of the framework of the World Trade Organization, which currently does not allow environmental challenges to be tackled effectively.
650 _afree trade agreements
650 _atrade policy
650 _aenvironment
650 _asustainability
650 _aWTO
650 _aMercosur
651 _aBrazil
651 _aEuropean Union
651 _aMERCOSUR
651 _aWTO members
690 _aInternational Trade, Competitiveness and FDI
690 _aRegional Development
700 1 _aStöllinger, Roman
700 1 _aTondl, Gabriele
830 0 _v451
_wWIIW0000048
_twiiw Research Reports
856 4 0 _uhttps://wiiw.ac.at/p-5589.html
942 _cP
999 _c8911
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