Sustainability is becoming a major focus in international trade. Companies and governments are now considering the environmental and social impacts of trade. This shift is due to changing consumer behaviors, stricter regulations, and the need to meet global Sustainable Development Goals (SDGs). As a result, businesses must adapt to these new expectations to remain competitive and contribute to a healthier planet.
Key Takeaways
- Sustainability is crucial for modern trade compliance, influencing everything from raw materials to business partnerships.
- Trade plays a significant role in economic growth and achieving the United Nations' Sustainable Development Goals.
- Regulations and free trade agreements are increasingly incorporating sustainability requirements.
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Sustainability and International Trade
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