Question

2. Regional Economic Integrations & Their Impact on Global Trade on 2030?

Need two pages in internstional Business!!!

Answer 1

As governments push towards implementation, it will obviously be a major challenge to generate sufficient resources to achieve such aspirational goals. In the absence of any specific new financial commitment for implementation under the FfD result, international trade is likely to play a critical role in achieving the SDGs as a stimulus for development and job creation. Under the SDG paradigm, trade is not considered an end in itself but rather a means of supporting implementation. Although governments have already defined broad ways of contributing to the 2030 Development Agenda through trade policy

Trade treatment throughout the 2030 Agenda represents the view that trade will contribute to growth and sustainable development when well-regulated. Thus, the SDGs include several targets connected to a number of trade-related policy changes(' trade-related goals') as MOIs. As drivers of sustainable economic growth, many of these goals may actually contribute to achieving a number of goals which is based on ending poverty in all its forms. The FfD outcome, in effect, represents many of the same multilateral trade policy priorities but updates them with references to the recent WTO decisions

Continuing negotiations, especially relating to so-called mega-regional trade agreements, are likely to lead to more open markets. These deals, however, focus largely on reducing tariff and non-tariff barriers, and generally failed to address agricultural subsidies. Therefore, pursuing the SDG goals of rising trade-distorting assistance will have to occur at multilateral level. A first move to re-engaging in negotiations may consist of removing export subsidies and disciplining corresponding impact steps, such as export credits. In this policy pledge, the cost of locking would be negligible, since these steps have almost vanished in practice.

The access emphasis of the 2030 Agenda indicates that policymakers will strive to ensure a supply of renewable energy technology that companies and consumers can purchase at the lowest possible price. However, governments are also likely to continue balancing the pursuit of this aim with other goals, such as building domestic employment: approaches which, as explained above, have led to tensions with trading partners. An internationally coordinated strategy that clarified rules relating to the use of policies to promote renewable energy equipment development may help reduce uncertainty and create a level playing field for a competitive global renewable energy sector.