Voluntary Sustainability Standards: Bridging Governance Gaps and Strengthening EU-Latin America Trade
As sustainability requirements become increasingly central to international trade, Voluntary Sustainability Standards (VSS), or eco-labels and eco-certificates, have emerged as a critical mechanism connecting producers in developing countries with consumers and markets in advanced economies. VSS prescribe a set of social, economic and/or environmental standards that private actors can voluntarily adopt to make their production and processing practices and sourcing strategies more sustainable.