UN Report: What is the Future of Sustainable Trade?

Ways to conduct sustainable trade

The FOST report highlights many different solutions for multiple emerging issues. 

The report states that by supporting small producers and high-risk regions, compliance requirements can be met and ensured that they are not excluded from global markets.

The supporting of small producers and high-risk regions through capacity building is essential to help them meet compliance requirements and avoid exclusion from global markets. 

“Without the means to invest in sustainable development and transform their energy and food systems, developing countries are falling even further behind,” United Nations Secretary-General António Guterres said.

“A two-track world of haves and have-nots holds clear and obvious dangers for every country. We urgently need to rebuild global cooperation and find the solutions to our current crises in multilateral action.”

The report emphasises that aligning VSSes with due diligence measures fosters coherence and prevents fragmentation, whilst ensuring fair value distribution, promoting inclusivity and equitable sharing of costs and benefits across GVCs – particularly for developing regions. 

Increasing stakeholder involvement by engaging actors from developing countries in standard-setting and regulatory processes enhances representation and ensures policies address diverse needs effectively.

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