Increasing number of labour provisions in trade agreements don't hamper business: UN study
Research from the UN International Labour Oranization (ILO) found that a trade agreement which included labour provisions raised the value of trade by 28 per cent on average, as compared with 26 per cent for a similar agreement without the labour provision.
“It is increasingly common for new trade agreements to include labour provisions,” said Marva Corley, ILO Senior Economist and lead author of the report.
“As of December 2015, there were 76 trade agreements in place (covering 135 economies) that include labour provisions, nearly half of which were concluded after 2008. Over 80 per cent of agreements that came into force since 2013 contain such provisions,” she added.
The ILO Growth with Equity report entitled “Assessment of labour provisions in trade and investment arrangements” also found that labour provisions support labour market access, particularly for working-age women.
In the future, the UN agency encourages trade negotiations to become less opaque by involving stakeholders, especially the social partners – and not just governments – in the making and implementation of labour provisions in trade agreements.
Photo: World Bank/Chhor Sokunthea
Source: www.justearthnews.com
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
