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US, China, EU, others fail to reach environmental goods deal
Source: Associated Press
US, China, EU, others fail to reach environmental goods deal
By JAMEY KEATEN
Dec. 4, 2016 4:47 PM EST
GENEVA (AP) — 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."
She and other officials said China's presentation of a late list of goods to include threw a monkey wrench into the weekend negotiations.
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."
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By JAMEY KEATEN
Dec. 4, 2016 4:47 PM EST
GENEVA (AP) — 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."
She and other officials said China's presentation of a late list of goods to include threw a monkey wrench into the weekend negotiations.
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."
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Read more: http://bigstory.ap.org/article/fc5787a000e84e2881035072623e4b38/us-china-eu-others-fail-reach-environmental-goods-deal
