Monday, March 11, 2024

Climate change and FTAs

Following on the EFTA-India TEPA posts, apart from investment promotion an interesting set of arguments on the labour provisions are found here in the IELP blog by Desiree LeClerco

As a continuation, let us look at the "Climate Change" provisions in the FTA.  A rarity in India's FTA, the provisions read as under:

Article. 11.5

 Climate Change 

1. The Parties recognise the importance of achieving the objectives and goals of the United Nations Framework Convention on Climate Change, done at New York on 09 May 1992 (hereinafter referred to as “UNFCCC”) and the Paris Agreement, done at Paris on 12 December 2015, in order to address the urgent threat of climate change, based on best available science and reflecting the principles of the UNFCCC and the Paris Agreement, including equity and the principle of common but differentiated responsibilities and respective capabilities, in light of different national circumstances. 

2. The Parties reaffirm their commitment to implement their respective obligations and commitments under the UNFCCC and the Paris Agreement. 

3. Pursuant to paragraph 1, the Parties shall endeavour to cooperate bilaterally, and in other fora, as appropriate.

Would these provisions have an impact during implementation of the trade agreement?  

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