The power of trade partnerships: together for green and just economic growth

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Practical information:

  1. Composition of study group
  2. Administrator / Assistant in charge: Marco Ristori / Karen Aghadjian
  3. Contact

Background:

Since the EU-Korea Free Trade Agreement (signed in 2011), all modern EU trade agreements include dedicated chapters on trade and sustainable development (TSD), with a broad set of mutually agreed commitments regarding environmental, social and labor standards. The recent EC Communication on the TSD review: The power of trade partnerships: together for green and just economic growth identifies policy priorities and key action points, which will further enhance the effectiveness of the current engagement-based approach to TSD grounded in the recognized international framework and standards- with stronger implementation and enforcement.

To this end the new approach will include the possibility of trade sanctions for breaches of core TSD provisions. In the Communication, the EC also commits to strengthening the role of the Domestic Advisory Groups in TSD application, with a focus on monitoring. This renewed approach will be applied to both ongoing and future negotiations, as appropriate and feasible.