Strengthening Sustainable Development Through Preferential Trade Agreements

Leal-Arcas, R. and Wilmarth, C. "Strengthening Sustainable Development through Preferential Trade Agreements," in Wouters, J. et al. (eds.) Ensuring Good Global Governance through Trade: EU policies and approaches, Edward Elgar, pp. 92-123, 2015

Queen Mary School of Law Legal Studies Research Paper No. 174/2014

25 Pages Posted: 16 Apr 2014 Last revised: 3 Feb 2016

See all articles by Rafael Leal-Arcas

Rafael Leal-Arcas

Queen Mary University of London - School of Law

Catherine Wilmarth

Queen Mary, University of London

Date Written: April 15, 2014

Abstract

This chapter presents an analysis of sustainable development goals in the context of two mega-regional trade agreements: the Transatlantic Trade and Investment Partnership (TTIP) and the Trans-Pacific Partnership (TPP). These preferential trade agreements present a more efficient vehicle by which to promote sustainable development than the multilateral trading platform. The chapter discusses sustainable development and energy within the proposed TTIP. The TTIP aims to further economic growth, investment and trade between the United States and the European Union (EU), and could potentially have a very large impact as the U.S.-EU trade and investment flows are sizeable and a critical element in global commerce. The chapter argues that the TTIP has the potential to foster sustainable development, energy efficiency, and energy security.

The chapter explores the topic of sustainable development, reporting the stated trade and TTIP-specific goals of both the United States and the EU, which generally includes the promotion of sustainable development. An examination of the three pillars of sustainable development— environmental protection, economic sustainability, and social sustainability — follows, discussing ways in which the TTIP could integrate terms ensuring protection and support of these elements. The chapter then focuses on the role that energy could play for the TTIP. It discusses support schemes and initiatives it could include to increase trade in raw materials and natural resources such as natural gas, and in energy efficiency and renewable energy technologies. The chapter finally examines the environment chapter of the TPP and explores how sustainable the TPP is by analyzing the various provisions of the TPP’s environment chapter.

Keywords: Transatlantic Trade and Investment Partnership; Trans-Pacific Partnership; mega-regionals; sustainable development; energy; trade and investment; energy security; energy efficiency; trade in raw materials and natural resources

Suggested Citation

Leal-Arcas, Rafael and Wilmarth, Catherine, Strengthening Sustainable Development Through Preferential Trade Agreements (April 15, 2014). Leal-Arcas, R. and Wilmarth, C. "Strengthening Sustainable Development through Preferential Trade Agreements," in Wouters, J. et al. (eds.) Ensuring Good Global Governance through Trade: EU policies and approaches, Edward Elgar, pp. 92-123, 2015; Queen Mary School of Law Legal Studies Research Paper No. 174/2014. Available at SSRN: https://ssrn.com/abstract=2425094

Rafael Leal-Arcas (Contact Author)

Queen Mary University of London - School of Law ( email )

67-69
Lincoln's Inn Fields
Holborn, London WC2A 3JB
United Kingdom

HOME PAGE: http://www.ccls.qmul.ac.uk/staff/lealarcas.html

Catherine Wilmarth

Queen Mary, University of London ( email )

Lincoln's Inn Fields
Mile End Rd.
London, E1 4NS
United Kingdom

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