Greening the GATT

This strategy features in the framework of Agenda 21 as formulated at UNCED (Rio de Janeiro, 1992), now coordinated by the United Nations Commission on Sustainable Development and implemented through national and local authorities.

1. Scarce resources should be rationed through market prices and GATT should not include environmental issues. More emphasis should be placed on market mechanisms than on government controls for environmental management.

1. Using market forces to improve global environment
2. Strengthening global economic institutions
3. Greening international institutions
4. Developing sustainable economic systems
5. Applying trade measures to enforce environmental policies

1. Reducing discrimination under the generalized system of preferences

1. Preferential trade arrangements
2. Limited observance of multilateral trade agreements
3. Environmentally damaging trade

1. Disagreement