Socio-Economic Impacts of Trade

Socio-Economic Impacts of Trade

By Erika Masako Welch, 02 November 2023

What is Sustainable Trade?

Sustainable trade refers to the practice of trading in a manner that simultaneously supports economic growth, social development, and environmental protection. In 1987, the United Nations published the Brundtland Commission report which stated, “Sustainable development is the development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” As global trade is such an important economic driver of the world economy, it is essential to consider the social, economic, and environmental consequences and impacts of trade on both people and the planet. How can sustainable trade ensure long-term benefits, and what practices can be implemented to ensure long term sustainability of the industry?

Trade has been instrumental i

Register & Read for Free

Just login or create a free account to enjoy our content


Related Report

Sustainable International Trade for a Resilient Future

With many countries committing to achieving net zero carbon emissions by 2050, there is a race against the clock to upgrade the world’s energy and trade infrastructure to achieve this. In this report, we highlight strategies used by trade stakeholders worldwide to foster a sustainable future, focusing on decarbonization, energy and food security, and environmental impact mitigation.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems