As Nations Consider Border Adjustments for Carbon, G20 Highlights Importance of WTO Committee

See this link: https://www.g20.org/wp-content/uploads/2021/10/G20-TIMM-statement-PDF.pdf

G20 TRADE AND INVESTMENT
MINISTERIAL MEETING – OCTOBER 12, 2021

G20 TRADE AND ENVIRONMENTAL SUSTAINABILITY measures listed here:

We maintain the importance of the contribution of the multilateral trading system
to promote the UN 2030 Agenda and its Sustainable Development Goals in its three
economic, social and environmental dimensions. We reaffirm support to the
UNFCCC and the Paris Agreement. We believe trade and environmental policies
should be mutually supportive and contribute to optimal use of the world’s
resources in accordance with the objectives of sustainable development. We
reaffirm that measures to combat climate change should be WTO consistent.

We support the ongoing WTO fisheries subsidies negotiations to reach a meaningful
agreement by the 12th WTO Ministerial Conference with comprehensive and
effective disciplines on harmful fisheries subsidies, in line with SDG 14.6, which
would respond to the imperative of sustainability of our oceans, seas and marine
resources.

We recognise the contribution of the WTO to the protection and preservation of the
environment through its objectives of ensuring sustainable development, avoiding
trade protectionism and unnecessary barriers to trade as well as safeguarding the
multilateral trading system. We support the role of the WTO Trade and Environment Committee as the standing forum dedicated to dialogue between governments on the relationship between trade measures and environmental measures.

We affirm the importance of providing appropriate support to developing and least
developed countries in order to help their national transition towards resourceefficient, sustainable, climate and environment-friendly development, enhance
their resilience and better enable them to seize sustainable trade opportunities
through Aid for Trade.

G20 participants in the Trade and Environmental Sustainability Structured
Discussions and in Informal Dialogue on Plastic Pollution and Environmentally
Sustainable Plastic Trade encourage and support the active participation of all WTO
members in these processes.

Photo by Eva Elijas on Pexels.com

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