TRADE AND ENVIRONMENT A REVIEW OF CONTEMPORARY QUESTIONS INTERCONNECTING INTERNATIONAL TRADE AND ENVIRONMENTAL REGULATIONS

As the global community entered the Paris Climate Deal, link between Environmental Regulations as well as Trade Negotiations occupied prime importance to fulfil the Paris Deal commitments. Should there be an International Cooperation over Domestic Policies, especially since Environmental Regulations can potentially serve as Disguised Trade Barriers? Does International Trade weaken Domestic Environmental Policy, and creates Pollution Havens? Should trade policy be used to achieve environmental objectives? This paper reviews existing theoretical literature on such policy questions and analyses Environmental Economics literature pertaining to India