Trade policy

UN Trade and Development puts cooperation on the climate trade agenda

The policy discussion links cross-border rules with the costs of moving to lower-emissions production.

A red Lorenzo Shipping container
A freight container used in international shipping. File photo. Web-sized copy. KMJ at German Wikipedia · CC BY-SA 3.0

UN Trade and Development's November trade update examines the relationship between trade policy and climate action. Cross-border commerce can help manufacturers get cleaner inputs and equipment, while differences in regulation can add paperwork and costs for firms that sell to several markets.

That tension matters for suppliers several steps removed from the final buyer. A factory may need information from its own suppliers before it can answer a customer's questions about materials or emissions.

The update puts cooperation between economies at the centre of the discussion. For supply chains, one practical question is whether producers can use the same records across several markets.

Sources

  1. unctad.org