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Trade has a role to play in climate action but unilateral barriers are unfair
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available finance and estimated adaptation and mitigation costs. The WTO will co-lead the ‘trade day’ discussions at CoP-28.
It should steer them away from myopic EGS market access demands and the tweaking of trade rules to legitimize unilateral border measures. As noted by the World Trade Report, 2022, climate change can impact international trade by affecting trade costs, altering comparative advantages and disrupting global value chains.
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