International Legal Regimes On Trade and Environment — Flashcards

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International legal regimes are organised international processes with principles, rules, norms, and decision-making procedures that govern well-defined activities, natural resources, or specific geog…

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Global trade can increase pressure on natural resources and pollution levels. International legal regimes try to balance economic development with environmental protection so that growth remains susta…

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Trade regimes emphasise scientific risk assessment, market access, and non-discrimination. These principles help trade remain fair and predictable.

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Environmental regimes rely on the precautionary principle. This means action should be taken to prevent serious environmental harm even when scientific certainty is incomplete.

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Trade regimes focus on scientific risk assessment, market access, and non-discrimination. Environmental regimes focus on caution and prevention through the precautionary principle.

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GATT was created to regulate and promote international trade by reducing tariffs and other trade barriers and by removing discriminatory trade preferences on a reciprocal and mutually beneficial basis…

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GATT was signed by 23 nations in Geneva on 30 October 1947 and came into force on 1 January 1948.

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GATT promotes non-discrimination, tariff-based protection, uniform customs regulations, tariff negotiations, and avoidance of unjustifiable trade restrictions.