Thursday, 16 October 2014

The preamble to the WTO agreement includes direct references to the objective of sustainable development.


Yes the preamble to the WTO agreement includes direct references to the objective of sustainable development as given the recent acknowledgement by the international community of the importance of concerted bilateral or multilateral action to protect living natural resources, and recalling the explicit recognition by WTO Members of the objective of sustainable development in the preamble of the WTO Agreement, we believe it is too late in the day to suppose that of the GATT 1994 may be read as referring only to the conservation of exhaustible mineral or other non-living natural resources.”
While allowing for the optimal use of the world’s resources in accordance with the objective of sustainable development, seeking both to protect and preserve the environment and to enhance the means for doing so in a manner consistent with their respective needs and concerns at different levels of economic development. We note once more that this language demonstrates recognition by WTO negotiators that optimal use of the world’s resources should be made in accordance with the objective of sustainable development.

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