Our globalised system has increased the deficiency of the current international trade system. There is a need for a comprehensive and global trade strategy with people at its core. As such, trade shouldn’t be limited to a tool of economic growth and the emphasis should be put on the relation between trade, development and social wealth.
Today, the main challenge concerning fair trade is to reform the multilateral trading system in favour of developing countries and to ensure a fairer domestic distribution of the benefits of trade opening, including through adequate Aid for Trade for developing countries and guarantees of decent work.
In this expanding globalised world, we need a strong, equitable and effective multilateral trade system, where developing countries are given fair means to compete on world markets and are given the right to implement gradual measures with regard to the opening of their domestic markets. As for workers, we need to fight for implementing fundamental rights where workers can share in the benefits of trade expansion.
The pro-poor trade liberalisation process should be sanctioned by the successful completion of the WTO Doha Development Round within a pro-development framework.
With regard to the WTO, we need to ensure the successful, pro-development completion of the Doha Development Round (DDR); guarantee development dimensions in all areas of the negotiation, including in particular agriculture, industrial products and services; ensure specific measures aimed at the world poorest countries (LDCs). Trade policy should also ensure a solid environmental outcome by promoting market access for goods and services produced in an environmentally sustainable manner. We need as well to encourage greater inter-institutional cooperation and improve the effectiveness and the democratic functioning of the WTO. With regard to Decent Work: ensure the availability of a special budget to promote poor countries’ full implementation of ILO core labour standards.
As such, the impact of trade agreements on employment and social standards should be effectively measured in developing countries, notably through the development of the Trade Sustainable Impact Assessments (TSIAs).