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Rio Declaration on Environment and Development, 1992.
The Rio Earth Summit laid the foundation for a new kind of global partnership to achieve sustainable development and lent impetus to the search for a policy framework that would seek to promote both economic efficiency and environment improvement. The areas of discussion included in the Rio Declaration were
(a) promoting sustainable development through trade;
(b) providing adequate financial resources to developing countries; and
(c) encouraging macroeconomic policies supportive of both environment and development aspirations.
The Declaration is non-binding in nature.