Trade in slaves, children, organs or poisonous waste is forbidden and few would argue to the contrary trade policy must abide by the fundamental values guiding society from human dignity to sustainable development to the common good we therefore call for an ethical trade policy 7 cornerstones for ethical international trade 1. – while international corporate unethical behaviors seem to permeate uncontrollably, it is nevertheless, not an incurable dilemma the paper aims to address the key steps in achieving such governance: chief ethics officer, tone‐at‐the‐top, and whistle‐blower hotlines.
Ethical guidelines for trade an ethical discernment in the context of international trade must be based upon the principle of the inalienable value of the human person, source of all human rights and every social order the human being must always be an end and not a means, a subject and not an object, not a commodity of trade (3. The ethical issues of international trade along with the economic issues involved in international trade, there are sometimes ethical questions which arise when people look to the effect of international trade, they usually consider a particular policy or how a particular trade policy affects the growth or productivity of an economy or industry, or of a country or region.
International trade as we shall understand it, international trade involves the voluntary exchange of goods and services across state borders, whether by states, firms or individuals the voluntary exchanges may be regulated or unregulated. Fair trade there is only one international organization that deals with global trade and that is the world trade organization (wto) the wto deals with the rules countries use when trading between each other.
7 cornerstones for ethical international trade 1 an international trade regime that turns all participants into winners and that serves the universal good of the whole (david ricardo-footnote 1-) can be regarded a global public good its rules have to be democratic, transparent, fair, and sustainable.