trade agreements

The Hard Truth About Cashmere.pdf

The Mongolia Third Neighbor Trade Act has its merits—including, crucially, its potential to bolster the livelihood of herders—but Congress should scrutinize it carefully, and with an eye toward the livelihood of herders—but Congress should scrutinize it carefully, and with an eye toward sustainability. In particular, the United States should consider including a provision limiting dutysustainability. In particular, the United States should consider including a provision limiting dutyfree trade to ethically-sourced, sustainable cashmere.

note

trade agreements Legislated trade agreements can be used to encourage sustainable production, by reducing tariffs on certified goods. This process is similar to some market-based initiatives but takes place at an intergovernental level (or may be applied unilaterally by a major importer).