World Trade Organization (WTO)
The basic aim of the WTO is to liberalize international trade; and supervise the settlement of commercial conflicts . Its essential functions are to:
- Administer and implement the multilateral and plurilateral agreements which together make WTO.
- Act as a forum for multilateral trade negotiations
- Seek to resolve trade disputes
- Examine national trade policies
- Recognize the need to protect environment and to promote sustainable development (WTO Agreement, Preamble)
- WTO Committee on Trade and Environment explores the link between trade and environmental policies (compatibility between environmental protection measures and WTO right and obligations). The Committee deals with eco-labelling, multilateral environmental agreements, certification, life-cycle analysis, taxes and charges, environmental effects of subsidies and various tariffs have been discussed.
Relevance to forests by key words
trade, trade and environment, trade law, dispute settlements