Common use of Trade and sustainable development Clause in Contracts

Trade and sustainable development. 1. The Parties recognise that social and economic development and environmental protection are interdependent and mutually reinforcing. They reaffirm their commitment, with due regard to their respective levels of development, to enhancing the integration of sustainable development, which consists of economic development, social development and environmental protection, in every aspect of their trade relations in order to promote sustainable growth. To that end, the Parties shall encourage in their trade relationships a high level of environmental, social and labour protection in particular those commitments specified in Article 54 and Chapters 1 to 3 of Title V, and in Chapter 2 of Title III under this Part II, to achieve the objectives of the agreed Sustainable Development Goals under the 2030 Agenda for Sustainable Development. The Parties further agree that environmental and social measures should not be used for protectionist purposes. 2. The Parties agree that it is inappropriate to encourage trade and investment by lowering or offering to lower the level of domestic protection afforded in environmental or labour laws, or their enforcement. 3. The Parties recognise their respective rights to determine sustainable development policy objectives and priorities and establish their own levels of domestic protection in the social, labour and environmental areas, including climate change, as they deem appropriate, provided that the adopted laws and policies are not inconsistent with their commitments to internationally recognised protection standards and relevant agreements. 4. The Parties shall promote trade in products obtained through the sustainable management, conservation and efficient use of natural resources. The Parties shall also cooperate to promote trade and investment in goods and services of particular relevance for climate change mitigation, including in low-carbon manufactured and remanufactured products, renewable energy, and energy-efficient products and services, in accordance with their international commitments. 5. The Parties shall cooperate to promote coherence and mutual supportiveness between trade, labour and environmental policies, and shall strengthen dialogue, and exchange of information and best practices on trade-related aspects of sustainable development, including with the involvement of relevant stakeholders. In that context, they further agree to cooperate to promote corporate social responsibility (CSR) practices and responsible business conduct (RBC) including internationally recognised guidelines, standards and applicable instruments, by incorporating these practices into trade and business activities. In addition, cooperation shall aim to address the challenges and opportunities posed by the trade-related aspects of private and public voluntary sustainable assurance schemes linked, inter alia, to labour, the environment, conservation of biodiversity, sustainable use and management of forest resources and sustainable fishing practices and trade in sustainably managed fishery products. 6. The Parties agree to maintain or establish, where appropriate, systems to support and monitor the effective implementation of the internationally recognised social, labour and environmental standards and relevant agreements, in the context of their trade relations, including by strengthening institutional capacities to adopt and enforce relevant legislation.

Trade and sustainable development. 1. The Parties recognise that social and economic development and environmental protection are interdependent and mutually reinforcing. They reaffirm their commitment, with due regard to their respective levels of development, to enhancing the integration of sustainable development, which consists of economic development, social development and environmental protection, in every aspect of their trade relations in order to promote sustainable growth. To that end, the Parties shall encourage in their trade relationships a high level of environmental, social and labour protection in particular those commitments specified in Article 54 and Chapters 1 to 3 of Title V, and in Chapter 2 of Title III IM under this Part II, to achieve the objectives of the agreed Sustainable Development Goals under the 2030 Agenda for Sustainable Development. The Parties further agree that environmental and social measures should not be used for protectionist purposes. 2. The Parties agree that it is inappropriate to encourage trade and investment by lowering or offering to lower the level of domestic protection afforded in environmental or labour laws, or their enforcement. 3. The Parties recognise their respective rights to determine sustainable development policy objectives and priorities and establish their own levels of domestic protection in the social, labour and environmental areas, including climate change, as they deem appropriate, provided that the adopted laws and policies are not inconsistent with their commitments to internationally recognised protection standards and relevant agreements. 4. The Parties shall promote trade in products obtained through the sustainable management, conservation and efficient use of natural resources. The Parties shall also cooperate to promote trade and investment in goods and services of particular relevance for climate change mitigation, including in low-carbon manufactured and remanufactured products, renewable energy, and energy-efficient products and services, in accordance with their international commitments. 5. The Parties shall cooperate to promote coherence and mutual supportiveness between trade, labour and environmental policies, and shall strengthen dialogue, and exchange of information and best practices on trade-related aspects of sustainable development, including with the involvement of relevant stakeholders. In that context, they further agree to cooperate to promote corporate social responsibility (CSR) practices and responsible business conduct (RBC) including internationally recognised guidelines, standards and applicable instruments, by incorporating these practices into trade and business activities. In addition, cooperation shall aim to address the challenges and opportunities posed by the trade-trade- related aspects of private and public voluntary sustainable assurance schemes linked, inter alia, to labour, the environment, conservation of biodiversity, sustainable use and management of forest resources and sustainable fishing practices and trade in sustainably managed fishery products. 6. The Parties agree to maintain or establish, where appropriate, systems to support and monitor the effective implementation of the internationally recognised social, labour and environmental standards and relevant agreements, in the context of their trade relations, including by strengthening institutional capacities to adopt and enforce relevant legislation.