The programming committee for the 78th Annual SAM International Business Conference is pleased to announce the acceptance of the presentation The Impact of the Green Deal on International Trade by Hasan Hakses of Selcuk University.
Presentation Abstract: In terms of cost aspects, it is reasonable to state that businesses in industries where green business strategies are implemented are more globally competitive. However, cost-cutting and product diversification tactics also have a positive impact on a company’s performance. Businesses, particularly those in developing nations, perceive the benefit of product differentiation as a chance to enhance both their operational and financial performance.
Even though the additional expenses associated with implementing green business methods are anticipated to have a negative impact on financial performance in the short term, it is anticipated that they will enable export performances to climb dramatically with a favorable reflection over time. Therefore, market participants that can cut their rates may be able to draw clients from outside in addition to their current clientele. The upshot will be an increase in client portfolios as a result of the widespread use of eco-friendly products in international trade. The route for their successful use in international markets has been set by the integration of green business strategies and environmental challenges with diverse company operations like manufacturing, supply chain, finance, human resources, and marketing. Additionally, the chance to assess the idea of “green” from an interdisciplinary standpoint enables the study fields to be added as new subtitles to the literature. New conceptions emerge as a result of this shift in the commercial perspective. In this perspective, green imports and exports are two novel ideas.
The terms “green export” and “green import” refer to the international commerce of goods that have been developed while taking environmental considerations into account. The literature has just recently begun to address these ideas. Examining terms like “green economy,” “green business,” and “green product,” which are connected to several disciplines and could even be covered in separate sections, is crucial when discussing the ideas of “green export” and “green import.” Instead of doing a thorough analysis of these ideas by adhering to the book’s substance, it might be better to point the reader to other pertinent sections.
It is feasible to define the terms “green export” and “green import” as the topic of international trade of sustainable goods that do not harm the environment, contribute to climate change, or destroy biological variety during production and usage. The move to a green economy has created new employment prospects, particularly for developing nations, according to Sustainable Development Conferences held under the auspices of the UN. A beneficial effect on a nation’s export performance is anticipated for goods that have been produced and used in a sustainable manner.
Green exports and imports are export and import activities where green sectors collaborate in functions like production, marketing, research and development, purchasing, finance, and human resources, which are crucial to maintaining the commercial life of enterprises, and where activities are carried out while taking some environmentally sensitive priorities into consideration. are actions that are considered imports.
The characteristics of green export and green import can be listed as follows:
- The circular economic model covers all dimensions of production processes,
- Green business strategies are undertaken by stakeholders and different segments of markets and ideal sectors, also in terms of marketing,
- Internal factors and environmental concerns of senior managers through a green organizational climate,
- It is the aim of long-term relations between producers and consumers by expanding the use of resources that do not cause environmental degradation in production and consumption processes.
The diversification of the economy, which paves the way for the eradication of poverty and the creation of new employment opportunities, allows for the production of the most environmentally friendly products in rural areas, the protection of the environment during the production process, and the efficient and sustainable use of natural resources. In this regard, the United Nations Conference on Trade and Development supports the development of national scale production and export capacities specific to sustainable products in the economies of developing countries by working with the private sector, business community, and non-governmental organizations.
Finding green/sustainable products that do not hurt the environment during production or whose carbon emissions do not exceed the required requirements is crucial for determining a country’s capacity for green exports. Preparing the policy strategies, structural processes, infrastructural systems, and action plans necessary for the development of the industries that supply these goods is one of the governments’ top priorities. Therefore, it is essential to create export plans that incorporate eco-friendly goods at the local level. It is crucial to make sure that the economies of emerging nations quickly adapt to the green export and green import processes in order to build a new economic model for this.
Join us online to see this great paper and many more March 13 – March 18, 2023. For registration information visit www.samnational.org/conference.