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The Role Of Trade In Promoting Sustainable Development - The Case Of The European Union

Author

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  • Corneliu George Iacob

    (Economics and International Business, Bucharest)

Abstract

Adopted in 2015 by the United Nations General Assembly, the 2030 Agenda for Sustainable Development has been hailed as "a defining moment for humanity and the planet", a "victory for multilateralism" and a "blueprint for a better future". The Agenda contains the Sustainable Development Goals (SDGs), which set targets to be achieved by 2030 in 17 areas, including poverty, health, education and the environment. The 2030 Agenda recognizes that trade is an engine of economic growth for all and a means of reducing poverty and contributing to the sustainable development of countries. Eradicating poverty is high on the 2030 Agenda as the first Sustainable Development Goal, and trade continues to be a key factor in progressing towards this goal. Trade and the World Trade Organization have contributed greatly to the unprecedented economic development of the past 15 years. The purpose of this article is to highlight how trade contributes to the achievement of the main objectives of sustainable development, from the perspective of the European Union, highlighting the main directions of action of the European Union in this regard.

Suggested Citation

  • Corneliu George Iacob, 2022. "The Role Of Trade In Promoting Sustainable Development - The Case Of The European Union," Management Strategies Journal, Constantin Brancoveanu University, vol. 58(4), pages 34-43.
    • Handle: RePEc:brc:journl:v:58:y:2022:i:4:p:34-43
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    More about this item

    Keywords

    European Union; 2030 Agenda for Sustainable Development; Sustainable Development Goals; trade; World Trade Organization;
    All these keywords.

    JEL classification:

    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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