The Circular Economy and International Trade: Options for the World Trade Organization

Type
Author
Christophe Bellmann
Publication Date
December, 2021
Country
Other (Global)
Language for original content
Scope

This study highlights that, while international trade has a vital role to play, policy responses to-date have largely been designed at the national level and in an uncoordinated manner.

ICC Secretary General John W.H. Denton says that "the report shines a light on how well-intentioned national policies are inadvertently hindering the adoption of circular solutions in the real-economy. Simply put: the transition to a circular economy can only be enabled at scale by harnessing the power of cross-border trade to unlock economies of scale and comparative advantages. We hope our analysis will serve as a clarion call for a concerted global effort under the auspices of the World Trade Organization to enable new patterns of trade capable of meeting global climate and sustainability goals".