US, China, EU, fail to reach environmental deal
Forty-six countries including the U.S., China and European Union nations failed Sunday to agree on a list of “environmental goods” like solar-powered air conditioners or LED light bulbs that could see lower tariffs.
The two-day meeting at World Trade Organization involved a bid to agree on reducing tariffs on over 200 environment-friendly goods worth around $1 trillion in trade annually, part of a process that EU trade commissioner Cecilia Malmstrom called important “to show that trade and the environment can go hand in hand.” The talks amounted to just a step in a broader process on the Environmental Goods Agreement that was already facing uncertainty about how the incoming administration of U.S. president-elect Donald Trump will approach it.
“In the last seconds, China proposed a list that was not studied enough,” Turkish Economy Minister Nihat Zeybekci told The Associated Press on Sunday. “Many countries, they have concerns about the list.” Zeybekci cited other concerns about sustainable-development lumber between Canada and New Zealand on one side and Japan and Taiwan on another.