Negotiating an agreement on climate change, trade and sustainability has the potential to help bring together some of the interrelated elements of the Agenda for Climate Change, Trade and Sustainable Development and show how they can be mutually reinforcing.  The consultation will continue until October 1, 2020. The guidelines are intended to replace the existing GFA sustainability guidelines. 3) Reducing the risk of fines – The Guidelines provide additional comfort so that ACM does not impose fines if an initiative leads to infringements of competition law, if (a) the companies followed the Guidelines in good faith and their sustainability initiative was public, or (b) ACM submitted previous guidelines that have not yet raised concerns. Trade is a strong ally for sustainable development. The founding agreement of WTOs recognizes sustainable development as a central principle. International agreements and agreements on climate change: Under the ACCTS project, the countries concerned would remove barriers to trade in environmental goods and services, remove their fossil fuel subsidies and encourage the promotion and implementation of voluntary eco-label programmes and mechanisms. Countries view THE ACCTS as a “living agreement” that can be updated if necessary and support additional themes. To show how trade policy can be used to support climate and environmental goals, the Heads of State and Government of five countries – Costa Rica, Fiji, Iceland, New Zealand and Norway – today launched an initiative that firmly links these issues, with a focus on sustainability. 2) Specific advice – Although companies are in principle obliged to assess for themselves whether their sustainability initiative is compatible with the cartel ban, ACM is ready to provide specific guidance on a case-by-case basis at an early stage and invites companies to get in touch. Within the business community, this approach is new.
In previous plurilateral tariff concession agreements, such as the WTO Information Technology Agreement (ITA) and the subsequent ITA-II, agreements were concluded only when the parties represented a critical mass (e.g. B 90 per cent) of world trade in the products concerned. This was important for them to avoid the problem of “parasites”. ACM thus intends to play a leading role in the European competition authorities.