Trade-related labour provisions, such as ones that address labour relations or minimum working conditions for employees, do not harm business or make trade provisions less popular, according to a study released today by the United Nations labour agency.
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.
Source: United Nations
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
The Ministry of Civil Aviation & DGCA & AAI in joi9nt operation with Airlines deliver essential medications and medical equipment
Magic of Unseen: TECNO Mobile Brings Wizkid and Guinness World Record™ Title to Africa’s first online launch
Neighbourhood Supply: An app that helps locate essentials supplies with your locality
EBRD appoints first Chief Accountability Officer
KEI Industries Ltd. extends support to ISKCON Delhi to feed more than 2 lakh homeless daily
2014 The Global Indian New Network (TGINN)