Practice question
A negotiator argues that Rio Principle 7 by itself requires every developed State to pay a fixed identical percentage of GDP to every developing State, without a treaty or other legal basis specifying that formula. Which is correct?
- The exact percentage is automatically fixed
- All payment formulas are prohibited
- Principle 7 supplies no such fixed formula; concrete obligations require examination of the applicable legal instrument
- Developing States can unilaterally set all foreign taxes
- The principle eliminates the need for any agreed terms
Legal references
- https://www.un.org/esa/documents/ga/conf151/aconf15126-1annex1.htm — Rio Declaration (1992), Principle 7
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