Defining Green Trade

Green Trade is also known as Sustainable Trade. It is the exchange of goods and services that generate social and environmental benefits which go beyond the mere creation of economic value.

How can trade be sustainable?

Sustainable trade occurs when the commercial exchanges of goods and services generate social, economic and environmental benefits in accordance with the fundamental principles of sustainable development:

• Creation of economic value;

• Reduction of poverty and inequality;

• Preservation and reuse of environmental resources.

What are green barriers to trade?

Green barriers to trade are meant to refer to laws, regulations, standards, policies and corresponding administrative measures that restrict or even prohibit international trade activities for the purpose of safeguarding human health and environmental safety.