U.S., China, EU, others fail to reach environmental deal
GENEVA | 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 be targeted for 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 several 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 President-elect Donald Trump will approach it.
The United States and the European Union, who chaired the talks, said in a joint statement that envoys would return home to consider the next steps, but did not provide any timetable.