Despite the United States withdrawing from the Trans-Pacic Partnership (TPP) Agreement, its template of rules remains highly relevant for future negotiations on international trade. This book helps to evaluate the legal provisions of this pact, its background and its possible evolutionary path. There is a view in the policy discourse that India should actively embrace the norms contained in the Agreement. Trans-Pacic Partnership Agreement: A Framework for Future Trade Rules? offers a balanced and objective analysis of the likely impact of the TPP template of rules on developing countries such as India and significantly contributes to the ongoing debate regarding India's ideal stance. This book will be useful for policymakers, trade lawyers, policy analysts, academics, economists and government officials, especially those from developing countries.
Chapter 9: Trade and Environment under the TPP
Trade and Environment under the TPP
Trade and Environment
Environment is a critical issue for an international agreement. A fundamental question, however, is whether this issue is better addressed in standalone environmental agreements, with its separate institutional framework, or whether trade agreements are suitable for addressing environmental concerns. A background paper prepared by the World Trade Organization (WTO) Secretariat in 1997 observed that trade instruments are ‘not’ the first-best policy for addressing environmental problems (WTO Secretariat 1997; also see WTO 2004).
Environmental problems have, till recently, been addressed in standalone multilateral environmental agreements (MEAs), under the aegis of the United Nations. Notable MEAs include the United Nations Framework Convention on Climate Change (UNFCCC), the Convention ...