Common Contracts
1 similar null contracts
G L O B A L E C O N O M I C P R O S P E C T SNovember 27th, 2000
Several global environmental treaties have been concluded over the last 25 years, notably the Convention on International Trade in En- dangered Species of Wild Fauna and Flora (CITES)32 protecting trade in endangered species, and the Montreal Protocol33 banning the use of ozone-depleting chemicals (for exam- ple CFCs, widely used as a coolant in refrigera- tors and air conditioners.) These agreements typically provide incentives for compliance through both technical and financial assistance. In addition, many also provide for trade sanc- tions to enforce compliance. The compatibility with WTO rules of trade sanctions potentially allowed by such treaties has not been tested.
