Summary: | Includes bibliographical references. === The relationship between international trade and environmental management control has in recent times assumed an increasingly role in multilateral economic relations due to a number of emerging trends. Firstly, the underlying philosophy behind international trade advocates the principle of free trade because it is advantageous to the enhancement of national, regional and global welfare. Through the implementation of liberalised international trade flows in goods and services, a great deal of positive measure accrue which are geared towards the advancement of national, regional and international economic/developmental objectives. These postive benefits include the harmonisation of global trade, the development of new markets, increased specialisation, job creation, more competition and the enhancement of global efficiency. This principle is advanced by the General Agreement of Tariffs and Trade/World Trade Organization.
|