Globalization has brought profound changes to international trade over the last 50 years. Value chains are now spread around the globe and are becoming more complex. Today, about US $8 trillion worth of world trade goes through Global Value Chains (GVCs), accounting for nearly 70% of the total share of global trade. According to UNCTAD’s research, majority of the developing countries are increasingly participating in GVCs. As a result, the developing-country share in global value-added trade increased from 20%
03rd December 2021, Geneva – The International Institute for Sustainable Development (IISD) and the United Nations Conference on Trade and Development (UNCTAD) launched the report- IISD’s SSI Review: Standards and Poverty Reduction. The report was launched in a joint UNCTAD-IISD webinar, held as a part of IISD Trade + Sustainability Hub, 2021. The report examines the potential of voluntary sustainability standards (VSS) operating in the agriculture sector to reduce poverty, which includes a chapter that UNCTAD and IISD wrote jointly on Understanding Smallholder Farmer Access to VSS-compliant Markets. It is estimated that 80% of the
Globalization has brought profound changes in international trade over the last 50 years. In this period, not only has the volume of trade nearly tripled, it has also changed in its form and complexity. Today, Global Value Chains (GVCs) are a pervasive feature of global trade, accounting for nearly 70% of the total share of global trade.
Governments’ pledges for sustainable development are flourishing, most notably as they signed up to the UN Sustainable Development Goals. But how can they translate such pledges into practice? Voluntary Sustainability Standards, or VSS, have been recognised as potentially transformative tools for sustainable trade, and they offer great potential for governments to realise their sustainability commitments through two main avenues. First, public procurement represents, on average, 12 percent of GDP in OECD countries, and up to 30 percent of GDP in
The considerable diversity of priorities associated with the uptake of Voluntary Sustainability Standards (VSS) have captured significant interests for researchers to analyze the drivers that stimulated stakeholders to be certified (or not). Given the unclear distribution of benefits resulting from these sustainability certifications, smallholder farmers are striking economic actors in the value chains that have expressed unprecedented concerns. This is not to say that they do not see the value of adapting sustainability measures into their operations, but rather concerns
Time to opt for Good Practices in Benchmarking Sustainability The essence of defining good practices underlines the replication of applying accumulated knowledge and experiences to new situations. Identifying such models can be adapted to improve any discovery of unanticipated challenges. As we start to recognise the growing prevalence of sustainability issues addressed by participants along the global supply chains, governments and civil society are seeking mechanisms to evaluate sustainability performance through the advent of good practices. Supported by the Deutsche Gesellschaft
Nearly half of the world’s population is directly dependent on biodiversity for their livelihoods. Today over 3.2 billion people depend on biodiversity for their livelihoods, but the globe’s biodiversity resources are being depleted at an alarming rate. In Europe alone, the cost of biodiversity loss is estimated about 3% of its GDP, or €450m (£400m), a year . “If we are going to address the issue of biodiversity, we also have to look at the fundamental issues
Indonesia, represented by Badan Standardidasi Nasional (BSN) has been part of the UNFSS’s National Initiative network since 2016. BSN has been involved in several VSS-related activities and have also witnessed the launch of their counterpart’s National Platform. This November, Indonesia will be taking a leap forward into establishing an informed dialogue on VSS at national level. In collaboration with the German Development Institute (DIE) Managing Global Governance (MGG) programme, the International Seminar “Public Awareness and Internal Meeting on Voluntary Sustainability
3rd UNFSS Flagship Report: Voluntary Sustainability Standards (VSS), Trade and Sustainable Development The relationship between Voluntary Sustainability Standards (VSS), trade and sustainable development are among the most pronounced concepts sought-after the realm of green global value chains. We typically see the benefits of imposing sustainability standards as a positive advantage contributing to the environment, social and the economy. The VSS system has in fact influence the export landscape to either facilitate market access or become an obstacle to trade, especially for importing countries that have turned to
UNCTAD is implementing a project “Fostering Green Exports through Voluntary Sustainability Standards in Developing Countries” that aims to strengthen capacities of developing countries to make the best use out of voluntary sustainability standards (VSS) as a tool to foster green exports which can also contribute to the SDGs.