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Article 12.1
Objectives and Principles
1. Recalling the Rio+20 Outcome Document "The Future We Want" and "Transforming our world: the 2030 Agenda for Sustainable Development" adopted by the Resolutions of the UN General Assembly of 27 July 2012 and 25 September 2015 respectively, the Parties acknowledge that economic development, social development and environmental protection are interdependent and mutually supportive components of sustainable development.
2. The objectives of this Chapter are:
(a) to promote mutually supportive trade and environmental policies;
(b) to promote a high level of environmental protection and effective enforcement of the Parties respective environmental laws and regulations
(c) to establish a basis for enhancing cooperation between the Parties aimed at protecting, improving and preserving the environment, including the conservation and sustainable use of their natural resources, technology development, innovation facilitation and implementation of joint projects of mutual interest that may contribute to green growth; and
(d) to enhance the capacities of the Parties to address trade-related environmental issues, including through cooperation.
3. The Parties reaffirm the importance of promoting sustainable consumption and production efforts, and promoting sustainable provision and utilisation of natural resources throughout the value chain.
4. The cooperation shall be built upon the principles of mutual interest and benefits, transparency and focus on environmental protection.
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