Synergizing trade and sustainability: advancing SDG 14 through international trade dynamics

Abstract

AbstractThis paper explores the intricate relationship between international trade and the achievement of the United Nations Sustainable Development Goal 14 (Life Below Water), focusing on the potential of trade to contribute positively to marine conservation and sustainable use of ocean resources. By examining the intersection of economic, social, and environmental dimensions, the study delves into how trade policies and practices can be aligned with environmental objectives, particularly concerning marine ecosystems. A principal challenge identified is the tension between economic growth driven by international trade and the sustainability of marine ecosystems, exacerbated by practices such as overfishing and pollution from maritime transport. Another significant challenge is the lack of robust enforcement mechanisms for existing environmental provisions in trade agreements. To address these challenges, the paper recommends the integration of stringent and enforceable environmental clauses in trade agreements, coupled with the promotion of sustainable trade practices through international cooperation and capacity building. Furthermore, the study suggests the adoption of innovative trade mechanisms, such as eco-certification and the implementation of Marine Protected Areas (MPAs), to enhance the protection of marine life, support sustainable fisheries, and reduce ocean pollution. The paper concludes with specific policy recommendations for leveraging international trade as a tool for the sustainable management of marine resources, ultimately contributing to the broader agenda of sustainable development.