Pathways to Just, Equitable and Sustainable Trade and Investment Regimes

202 Pages Posted: 2 Aug 2021

See all articles by Tomaso Ferrando

Tomaso Ferrando

University of Antwerp Law and Development Research Group and Institute of Policy Development

Nicolás M. Perrone

Universidad Andrés Bello

Olabisi D. Akinkugbe

Dalhousie University - Schulich School of Law

Kangping Du

Shanghai International Studies University

Date Written: July 29, 2021

Abstract

In this report we discuss what a Fair, Just and Equitable approach to the global, liberalized and hyper-competitive system of global trade and investments should be. The global market for goods and capital affect the life of producers and workers, stimulates the run towards cheaper products and puts farmers and workers against each other. The current vision of trade and investments is based on the silencing of gendered and reproductive labour and is responsible for the increase in inequality and relative poverty. Furthermore, it stimulates the extraction of commodities and contributes to the degradation of the planet, it has a significant impact on greenhouse gas emissions (GHG) due to transportation representing above 7% of the world total GHG, and it is closely linked with the appropriation of nature through patenting and the shift towards capital-intensive forms of production.

In light of this, our report claims that the Fair Trade Movement shall not play ‘outside the market’ nor accept that the existing narrative and mechanisms will provide a solution that addresses the root causes of the problem. If the Fair Trade Movement was to play outside the market, it would create islands of fairness in a sea of degradation and violence, which sooner or later would also swallow those few bubbles (unless they can be reproduced thanks to the support of an elite interested in fair and sustainable products). This is because the global market is characterized by an inherent expansionist tendency and needs to stretch its frontiers, compete for resources and ensure a larger shares of consumers. If the approach was that of tweaking with current mechanisms and narratives, it would accept the historical violence and inequality of colonialism and uneven development that are at the basis of the global system of trade, it would dismiss the role that global trade has in piercing the planetary boundaries, and it would accept that contemporary social problems shall be addressed by making the pie larger rather than adequately redistributing what is already available.

Given that the aim is that of implementing justice, equity and sustainability, we thus suggest ten principles/recommendations to be utilized by the Fair Trade movement when thinking about its approach to trade, its campaigns and where does it stand vis-à-vis concrete issues. The adoption of an intersectional and systemic approach to justice, equity and sustainability has concrete implications on the approach that the Fair Trade movement should adopt with regards to a set of trade and investments issues that are prominent in the contemporary international and regional debate. In the last part of this report we engage with five of these topics and present the main elements of a renew policy approach that follows the indications contained in our analysis.

Suggested Citation

Ferrando, Tomaso and Perrone, Nicolas Marcelo and Akinkugbe, Olabisi D. and Du, Kangping, Pathways to Just, Equitable and Sustainable Trade and Investment Regimes (July 29, 2021). Available at SSRN: https://ssrn.com/abstract=3895640 or http://dx.doi.org/10.2139/ssrn.3895640

Tomaso Ferrando (Contact Author)

University of Antwerp Law and Development Research Group and Institute of Policy Development ( email )

Venusstraat 23
Antwerp, 2000
Belgium

HOME PAGE: http://https://www.uantwerpen.be/en/staff/tomaso-ferrando/

Nicolas Marcelo Perrone

Universidad Andrés Bello ( email )

Chile

Olabisi D. Akinkugbe

Dalhousie University - Schulich School of Law ( email )

6061 University Avenue
6061 University Ave
Halifax, Nova Scotia B3H 4H9
Canada
902-494-4298 (Phone)

HOME PAGE: http://https://www.dal.ca/faculty/law/faculty-staff/our-faculty/olabisi-akinkugbe.html

Kangping Du

Shanghai International Studies University ( email )

1550 Wen Xiang Rd.
Songjiang District
Shanghai, Shanghai 201620
China

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