Harnessing Regional Trade Agreements as Catalysts for Climate - Smart Trade: The Case of Western Balkan Countries
Journal
International Journal of Economic Practice and Policy
Date Issued
2024
Author(s)
DOI
DOI 10.5937/skolbiz1-52059
Abstract
The concept of climate-smart trade is gaining momentum as trade agreements
increasingly incorporate provisions to balance economic growth and environmental
conservation. While in the past, environmental and climate issues played a minor role in
international trade agreements, recently there has been a growing trend towards
incorporating climate-smart provisions, particularly in regional trade agreements
(RTAs). These provisions aim to promote sustainable development, pursue international
environmental goals, ensure a level playing field, and enhance environmental
cooperation. The paper analyzes the emergence of environmental and climate-related
provisions in free trade agreements. It attempts to define them, explain how they are
incorporated into free trade agreements, and assess the reasons for the increased number
of such provisions. The paper then briefly analyses statistical data related to the types of
environmental and climate-related provisions contained in FTAs, before going into
details of the climate-smart provisions of the regional trade agreements in the Western
Balkans.
increasingly incorporate provisions to balance economic growth and environmental
conservation. While in the past, environmental and climate issues played a minor role in
international trade agreements, recently there has been a growing trend towards
incorporating climate-smart provisions, particularly in regional trade agreements
(RTAs). These provisions aim to promote sustainable development, pursue international
environmental goals, ensure a level playing field, and enhance environmental
cooperation. The paper analyzes the emergence of environmental and climate-related
provisions in free trade agreements. It attempts to define them, explain how they are
incorporated into free trade agreements, and assess the reasons for the increased number
of such provisions. The paper then briefly analyses statistical data related to the types of
environmental and climate-related provisions contained in FTAs, before going into
details of the climate-smart provisions of the regional trade agreements in the Western
Balkans.
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