Sustainable Development Goals and Trade
In September 2015, United Nations members agreed on the Sustainable Development Goals (SDGs), which will guide development efforts until 2030. Trade is recognized as an important means to achieve these goals. This project aims for a triple win: good trade policy that spurs international trade, contributes to development-friendly outcomes, and supports the achievement of the SDGs.
How can environmental regulations spur international trade? The case of the EU Performance of Buildings Directive and Lessons for AsiaEnvironmental regulations have the potential to transform Asia into a greener, more competitive, prosperous region.
Structural Change, Trade, and Inequality: Some Cross-Country EvidenceWhile structural change increases inequality, trade and foreign direct investment reduce it.
Win-Win: How International Trade Can Help Meet the Sustainable Development GoalsThe objective of this book is to demonstrate to the international development community, including policy makers in developing countries, the contribution that international trade can make to achieving the SDGs.
Growth Slowdowns, Middle-Income Trap, and Demographic Profile in South AsiaInvestment in human capital is critical for innovation.
Trade and SDG 13 – Action on Climate ChangeClimate change policies do not operate in isolation. Other policy areas such as trade can influence whether climate objectives are achieved.
Trade and Sustainable Development Goal (SDG) 15: Promoting “Life on Land” through Mandatory and Voluntary ApproachesTrade can promote sustainable wildlife trade.
Trade and Sustainable Development Goals (SDGs): How Can Trade in Education Services Contribute to the SDGs?International trade agreements can help promote the Sustainable Development Goal (SDG) of ensuring inclusive and quality education.
Trade and Sustainable FisheriesManaging fisheries well and sharing trade benefits equitably can help achieve the Sustainable Development Goals.
International Trade and InequalityInternational trade's impact on income inequality is mixed; governments need to promote human resource development and income redistribution.
Time, Uncertainty, and Trade FlowsInternational transit time matters more for South-South trade while uncertainty matters more for North-North trade.
The Association of Southeast Asian Nations (ASEAN) fell short of its target of realizing the ASEAN Economic Community (AEC) by the end of 2015, deferring 105 of its 506 measures. A successor blueprint called the AEC Blueprint 2025, which lays out the work for ASEAN economic integration in the next 10 years, was adopted at the 27th ASEAN Summit in November 2015.
Africa and Asia are latecomers to urbanization. In these two continents, less than half live in urban centers, while elsewhere, more than 70% of people do. But Africa and Asia are now rapidly urbanizing, with Asian cities growing at an average of 1.5% per year and Africa’s at 1.1% per year.
Coal, the most abundant and reliable energy resource, will continue to be the dominant energy source in power generation to meet the fast-growing electricity demand in the emerging economies of the Association of Southeast Asian Nations (ASEAN).
Some 134 million people in the Association of Southeast Asian Nations (ASEAN) region do not have access to electricity (IEA and ERIA, 2013). At the end of 2015, the ASEAN Community declared that the lack of power and energy access could threaten the region’s economic growth and its economic transition.
The rise of Donald Trump has reignited the debate on the link between exchange rates and trade. The Trump administration has blamed the exchange rate policies of the People’s Republic of China (PRC), Japan, and Germany for the current account deficit in the United States (US), and the president’s Twitter posts have put many major currencies on a roller coaster ride.
Japan and the United States (US) are at similar levels of economic development, yet their income distributions are considerably different. Whereas Japan has a relatively equal income distribution, the US is marked by a high level of income inequality. This blog looks at the sources of income inequality in both countries?
Trade in health products has increased substantially over the past 2 decades, and tariffs on health products have been lowered, making, for example, medicines more affordable for many. Indeed, Sustainable Development Goal (SDG) 3 calls upon countries to ensure healthy lives and to promote well-being for all ages. Yet in several developing countries, substantial tariffs still persist, inflating the prices of health products. The most direct and immediate contribution of the trade community toward achieving SDG 3 couldbe to open up trade unilaterally or to negotiate a plurilateral trade agreement, which would guarantee free market access for health products, like much-needed medicines.
Low-income countries are often advised to prioritize investment in their trade infrastructure to better connect to international markets, and garner the benefits of a more open trade regime. The World Bank’s Trade Facilitation Support Program and the World Trade Organization (WTO)’s Trade Facilitation Agreement, for example, promote investment in trade infrastructure to boost development prospects by improving competitiveness and lowering trade costs.
Employment was an afterthought in the Millennium Development Goals (MDGs). It was not part of the original goals but was added in 2008, halfway through the implementation period. It is, however, a key element of the Sustainable Development Goals (SDGs). Goal 8 encourages countries to “promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.” There are eight employment-related targets and ten specific indicators (United Nations 2015).
What fish trade policy options and recommendations can be put in place to help achieve the relevant Sustainable Development Goals (SDGs) of the United Nations? We need to understand the (i) relationship between fish trade and sustainable fisheries; (ii) potential promise of and the perils in the fish trade; and (iii) main trade-related concerns in the sustainability of fisheries. Sumaila (2017) addresses these issues in detail.
The United Nations Sustainable Development Goals (SDGs) highlight the need to achieve gender equality and to empower women and girls. Development that is truly inclusive clearly requires special attention to outcomes affecting more than half of the world’s population—yet historically, a group that has seen discrimination in law and fact over a long period.
In 2002, “trade for development” was a core topic of the Millennium Development Goals. Fifteen years later, trade is at the periphery of the Sustainable Development Goals (SDGs). Three main reasons explain this rapid decline. First, trade negotiators did their best to obscure the Doha Round and bilateral trade negotiations in byzantine and sterile debates. Second, business stopped to pay attention to trade policy because firms turned to a form of liberalization tailor-made for their own global value chains: they traded tariff cuts of interest to them in exchange of investments in the opening countries.
In many parts of the world, water availability is in decline and its quality is deteriorating. According to the World Bank, water scarcity, intensified by climate change, could come at a high price for some regions, costing as much as 6 percent of their gross domestic product.
Modern humans have been increasingly concentrated in cities. The United Nations forecasts that 60% of the world’s population will live in urban areas by 2030. Regional multilateral institutions such as the Development Bank of Latin America and the Asian Development Bank have stepped up their efforts to support the urban sector and to collaborate on comparative studies of urbanization.
Over 31 million consumers in Viet Nam researched or purchased a product online in 2015. Just ten years ago, internet connectivity was only starting to become common. Digitization is changing how people trade. There are even more dramatic changes happening under the hood. The way trade is financed, processed and regulated has entered a period of disruption. We take this opportunity to consider the short and long term implications of digitization of the trade process. They’re not what you’d expect.
As the world celebrates the Paris agreement, after 20 years of fraught meetings, its significance for the future development pathways of the emerging economies of Asia cannot be underestimated.
On 25–27 September, less than 3 weeks from now, heads of state of 192 nations will sign up for the Sustainable Development Goals (SDGs) which will succeed the Millennium Development Goals (MDGs) as the new global development agenda.
The concept of “green growth” has been connected to the “green economy for sustainable development and poverty reduction,” which is the first theme of the Rio+20 United Nations Conference on Sustainable Development (UNCSD).
Time is running out for Japan to join the Trans-Pacific Partnership Agreement (TPP), as the negotiating countries aim to conclude the talks before the Asia-Pacific Economic Cooperation (APEC) meeting in October this year. Although former Japanese Prime Minister Yoshihiko Noda had expressed strong interest during his tenure in joining the TPP negotiations, his successor, Prime Minister Shinzo Abe, has not expressed similar sentiments as the Liberal Democratic Party (LDP) took a cautious stance on the TPP during Japan’s December 2012 general election.
Workshop: Sustainable Development Goals and Trade: Achieving Win–WinsThe workshop will discuss how trade can contribute to achieving the Sustainable Development Goals.
Training: Coordinated Action in Response to Climate Change Summit Decisions for Developing Countries in Asia and the PacificThis workshop will help policy makers in transportation and environment fields share knowledge about the relevant role of the transportation sector and to come up with an effective environmental policy to achieve the new development agenda.
Transportation and Logistics for Sustainable Development in AsiaThis policy dialogue looks at an effective transportation policy that achieves sustainable development by minimizing the sector’s impact on the climate while maintaining regional connectivity and economic interactions in Asia.
Achieving the Sustainable Development Goals in Asia: Effective Development Cooperation and Financing for the 2030 AgendaAt this policy dialogue, think tanks, experts and policymakers in the region will explore various ways of enhancing regional cooperation to implement the sustainable development goals and the new climate agreement in the region.
Adjustments to Trade Opening: How to Make Globalization Inclusive and Sustainable?Matthias Helble, research economist at ADBI, examines the impact that globalization has had on freer trade and in particular how Asia has handled the transition to trade opening.