SIDE EVENT: The UN Model Chapter on Trade in Crisis Situations in Regional Trade Agreements
The Covid-19 pandemic highlighted the limitations of existing trade rules in ensuring trade resilience during crises. There are two ways of including more specific and dedicated legal provisions in trade agreements to minimise the impacts from trade disruption in times of crisis: (1) amending existing chapters of trade agreements to incorporate such provisions, or (2) introducing a new and separate standalone chapter. In this side event, a model stand-alone chapter will be presented as a template to be further tailored to meet specific needs of the Parties in actual trade agreements.
The model chapter is available at https://www.unescap.org/kp/2022/model-chapter-trade-crisis-situations-regional-trade-agreements and the session will enable interaction with the main drafters to discuss ways forward. Related tools delivered as part of the UN Initiative on Model Provisions for Trade in Times of Crisis and Pandemic will also be presented.