Global Compact

Global Compact in Global Commerce Policy

In this regard, global compact is: proposed by the Secretary-General of the United Nations to business leaders at the World Economic Forum on 31 January 1999. The entries on trade policy are here. It consists of nine principles: (1) support and respect the protection of international human rights within the sphere of influence of business, (2) make sure corporations are not complicit in human rights abuses, (3) freedom of association and effective recognition of the right to collective bargaining, (4) elimination of all forms of forced and compulsory labour, (5) effective abolition of child labour, (6) elimination of discrimination in respect of employment and occupation, (7) support a precautionary approach to environmental challenges, (8) undertake initiatives to promote greater environmental responsibility, and (9) encourage the development and diffusion of environmntally-friendly technologies.[1]

Global Compactin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Global Compact” entry (OAS)

See Also