Sustainable Trade<br />What it is, current issues involving it and YOUR role in maintaining it<br />Container trade at Fremantle Ports www.fremantleports.com.au<br />
Sustainable trade is an umbrella term used to imply a trading system that does not harm the environment or deteriorate social conditions while promoting economical growth.<br />www.euractiv.com/en/socialeurope/sustainable-trade/article-117546<br />
The Major Players<br />For the past 15 years, theWorld Trade Organization (WTO) has served as the "overseer of world trade." This organization of 153 members settles disputes between countries as well as guides decisions about the impact of trade on working conditions, the environment, and foreign investment. <br />-World Trade Organization. (2010). Grolier Multimedia Encyclopedia. Retrieved March 13, 2010, from Grolier Online __http://gme.grolier.com/article?assetid=0315505-0__<br />
…Conflict of Interest<br />A major issue that the WTO must acknowledge is the conflict between supporters of free trade and the supporters of fair trade. As countries work together and trade together, they must agree on the ways in which to trade.<br />
…Let’s take a closer look at the Fair Tradevs.Free Trade Debate<br />
Free Trade<br />Free trade is a concept that promotes<br />unrestricted trade among countries. Proponents of free trade assert that this form of trade promotes economic growth. The competition that results from free trade promotes lower prices for consumers and the constant interactions among countries promotes globalization.<br />
Negative Effects of Free Trade<br />Large corporation push out smaller businesses<br />US jobs are lost to overseas production where labor and safety laws are not well enforced <br />Money is drained from the poorer countries as corporations fail to reinvest locally<br />This has only furthered the gap between the rich and poor as “the richest 20% of the world’s population has 60 times the income of the poorest 20%.”<br />www.twohandsworldshop.com/blog/images/fairtrade.bmp<br />
<br />Fair TradeFair trade means an equitable and fair partnership between marketers in the North and producers in Asia, Africa, Latin America to provide low-income artisans and farmers with a living wage for their work. It also promotes new methods to encourage trade in environmentally friendly products, such as organic produce, and eco-labeled production.http://www.euractiv.com/en/socialeurope/sustainable-trade/article-117546<br />
…seeking a balance<br />Striking a balance of a sustainable economy free <br />from unfair wages and working conditions as well as economic independence can only result if we balance free and fair trade. However, striking a balance is difficult because it involves bureaucracy and agreement. <br />The individual can play a key role in <br />supporting this balance by <br />acknowledging and supporting <br />companies, conglomerates, and <br />subsidies that don't exploit workers.<br />
How the recent earthquake in CHILE affected their trade<br /><ul><li>Chile’s main trading partners are the United States, Japan, Germany and Brazil.
Around $7.5 billion is made annually from copper exports.</li></li></ul><li><ul><li>Due the earthquake, production at four major mines was suspended - affecting around 20% of the country's capacity http://news.bbc.co.uk/2/hi/8541640.stm</li></li></ul><li>What Your COUNTRY Can Do<br />A nation’s responsibility in <br /> promoting sustainable trade<br />
What Your COUNTRY Can Do<br /><ul><li>Take an active role in the sustainability of their natural resources. </li></ul> -Educate its citizens on how to preserve resources<br /> -Promote recycling and other responsible environmental duties to its citizens<br /><ul><li>Partake in a trade system that best suits its citizens and its resources.
Have a preparation system to follow in the event of natural disasters that will promote resilience in its economy and its citizens’ livelihood. </li></li></ul><li>What YOU Can DoAn individual’s responsibility in promoting sustainable trade<br />
WhatYOUCan Do<br />Be an informed consumer -Know the origins of the products you buy -Understand how supportingdomestic andinternational products helpsyour economy<br /><ul><li>Be more cognizant of your role in preserving our natural resources and protecting our environment.</li></li></ul><li>Other References<br /><ul><li>Content:</li></ul>http://globalli.wikispaces.com/Sustainable+Trade<br />www.wto.org<br />www.greenpeace.org<br />www.euractiv.com<br /><ul><li>Images: Unless stated otherwise, images were provided by www.images.google.com