Stabroek News

EU blames China for WTO environmen­tal trade talks collapse

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GENEVA, ( Reuters) - Europe’s trade negotiator blamed China yesterday for scuppering a global environmen­tal trade deal by submitting impossible late demands at World Trade Organizati­on talks aimed at scrapping import tariffs on exports worth more than $1 trillion.

“China came in with their list, bringing in totally new elements of perspectiv­e, which was very late in the process,” European Trade Commission­er Cecilia Malmstrom told Reuters.

The change of U.S. president also puts a big question mark over the future prospects for a deal.

European resistance to Chinese bicycle imports has also been a stumbling block, although Malmstrom said bicycles had become totemic for China and nobody else, and the agreement went far wider, adding that the EU had “quite cheap bicycles already”.

Malmstrom was co-chair of the talks, which aimed to cut costs for environmen­tally beneficial goods by removing trade tariffs applied to them, with U.S. Trade Representa­tive Michael Froman, who declined to comment as he left.

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