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International Trade Forum Volume 2014, Issue 3
  • E-ISSN: 15645304

Abstract

To achieve sustainable development there is a significant need for new ideas, products and technologies in each and every country in the world. This is why trade and transport are critical for sustainable development. If a new energy efficient water pump, solar panel or vaccine cannot cross a border without expensive delays and extra costs, then it will slow the transition to a greener and more sustainable economy. Increased trade brings efficiency gains, stimulates innovation and yields higher income growth. The importance of trade in bringing about sustainable economic growth cannot be overemphasized.

Related Subject(s): International Trade and Finance

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