Published Paper Details:

Abstract The post-World War II development of the global economy, as well as the awareness in the 1960s that some natural resources were non-renewable generated worries about the potentially high environmental implications of the Bretton Woods system's economic progress. Environmental concerns sparked movements and the establishment of lobby organizations as a result of rapid industrialization and a steep increase in trade flows, putting pressure on governments to take active actions to safeguard the environment. To limit pollution and conserve environment for future generations, governments throughout the world began establishing legislation that may be seen as direct or indirect trade restrictions. It was well recognized that international commerce might compound both the good and negative consequences of economic activity on social and environmental development. This article critically asses how trade affects environment at domestic as well as international level. What is the relation between environment and trade and how international body WTO plays an important role in protecting environment and in achieving sustainable development and how subsidies play role to affect our environment. Apart the role of WTO we will discuss GATT rules and exceptions and discuss case laws . This model specifically addresses the ongoing debate between economists and environmentalists over the costs and benefits of free trade. Such a review is necessary because of the pressure that the accelerated pace of globalization is placing on environment and trade.