EU to sanction trade partners breaching labour, climate rules

Listen to article

EU trading partners who breach international labor standards or climate commitments, face being slapped with sanctions, under EU Commission proposals on Wednesday (22 June).

“While our approach should remain centered on cooperation and engagement, there may be circumstances where sanctions are warranted,” EU trade commissioner Valdis Dombrovskis said in a news conference.

Read and decide

Join EUobserver today

Become an expert on Europe

Get instant access to all articles – and 20 years of archives. 14-day free trial.

… or subscribe as a group

Dombrovskis was referring to circumstances where a partner country breaches the principles of the International Labor Organization and commitments under the 2015 Paris Climate Agreement.

But the commission insisted that sanctions would remain the last resort.

The proposal comes after civil society organizations and MEPs raised concerns over, for example, child labor and deforestation risks not being properly addressed in trade agreements between the EU and third countries.

Sanctions would apply to future trade agreements currently under negotiation, but not to existing trade agreements or those finalized but not yet ratified – such as the controversial EU-Mercosur trade deal.

Nevertheless, many modern trade agreements such as those with Japan or Mexico already include sustainability chapters.

The European Union is currently involved in negotiations with New Zealand, Australia, and Indonesia, and wants to launch talks with India and Indonesia soon.

The new sanctions approach could be first applied to the trade agreement being negotiated with New Zealand since talks are very advanced, Dombrovskis said.

But EU member states will have to greenlight the commission’s inclusion of the sanctions regime into each new trade agreement.

The proposals come after 15 EU countries called on the commission to accelerate the work to finalize and ratify trade agreements to increase the EU’s overall credibility as “a serious trade partner”.

They argued that the Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade agreement including China, Japan, South Korea, New Zealand and Australia, should be a “wake-up call” for Europe.

Nevertheless, the new sanction scheme could be considered an obstacle to completing future negotiations.


Original Article reposted fromSource link

Disclaimer: The website autopost contents from credible news sources and we are not the original creators. If we Have added some content that belongs to you or your organization by mistake, We are sorry for that. We apologize for that and assure you that this won’t be repeated in future. If you are the rightful owner of the content used in our Website, please mail us with your Name, Organization Name, Contact Details, Copyright infringing URL and Copyright Proof (URL or Legal Document) aT spacksdigital @ gmail.com

I assure you that, I will remove the infringing content Within 48 Hours.

Leave a Reply

Your email address will not be published.

World News

Businessinsider.co.za | A UK company testing out a 4-day work week to attract employees says it's seen a boost in productivity, profits, and morale

Girling Jones staff take off rotating days of the week, but on Mondays and Fridays, they’re all in the office. Girling Jones A UK pilot program is testing out a four-day work week for 3,300 employees at 70 companies. One of the companies involved started early – it’s been testing out a four-day week since […]

Read More
World News

Finland and Sweden move closer to NATO membership

The two Nordic countries have signed accession protocols, which must now be ratified by all 30 member states Both Finland and Sweden have taken one step closer to becoming full-fledged members of NATO after the ambassadors from all 30 member states of the US-led bloc signed accession protocols for the two Nordic countries on Tuesday. […]

Read More
World News

Wimbledon: What Nadal Said About Facing Taylor Fritz Who Ended His 21-Match Win Streak

Rafael Nadal has said his upcoming Wimbledon quarter-final against Taylor Fritz is “going to be a tough match.” After dropping a set in his opening two matches of Wimbledon 2022, Nadal won in straight sets in his previous two outings in Center-Court. He defeated 21st seed Botic van de Zandschulp 6-4, 6-2, 7-6 (6) to […]

Read More