WTO seeks trade deal on 'green' products

December 3, 2016
Photovoltaic panels dominate the landscape at the solar energy centre in Cestas, France

The heavyweights of world trade, including the United States, China and Japan, meet in Geneva this weekend to establish a list of environmentally friendly products for which tariffs can be eliminated or reduced.

The green products include solar panels, and air quality monitors "that can help achieve environmental and climate protection goals," the World Trade Organization said.

EU Trade Commissioner Cecilia Malmstroem is expected at the WTO talks on Saturday along with senior officials of 17 countries, including US Trade Representative Michael Froman.

The officials hope to finalise an accord on Sunday but nothing is guaranteed, a source close to the WTO said.

Talks on the Environmental Goods Agreement began in July 2014, based on a proposal at the World Economic Forum in Davos six months earlier.

Malmstroem said some 300 environment-related products would be considered at the Geneva talks.

Over $1,000 billion (940 billion euros) worth of goods in this sector are traded every year, the WTO said.

If a deal is reached this weekend, countries will next year establish a list of reduced tariffs for each product, a WTO spokeswoman said on Friday.

The WTO said the benefits of any agreement would be extended to all of its members.

Explore further: US moves to push global trade deal on green goods

Related Stories

'Green' products trade gains momentum in APEC

September 6, 2012

A push to boost Asia Pacific trade in environmentally friendly goods gained momentum Thursday as officials agreed to cut tariffs on bamboo floor panels, solar batteries and dozens of other "green" products.

Asia-Pacific leaders to cut taxes on green goods

November 14, 2011

Asia-Pacific leaders representing more than half of the global economy committed Sunday to cutting tariffs on environmental goods to no more than five percent and reducing energy intensity.

Recommended for you

Robots as tools and partners in rehabilitation

August 17, 2018

In future decades, the need for effective strategies for medical rehabilitation will increase significantly, because patients' rate of survival after diseases with severe functional deficits, such as a stroke, will increase. ...

Security gaps identified in internet protocol IPsec

August 15, 2018

In collaboration with colleagues from Opole University in Poland, researchers at Horst Görtz Institute for IT Security (HGI) at Ruhr-Universität Bochum (RUB) have demonstrated that the internet protocol IPsec is vulnerable ...

Researchers find flaw in WhatsApp

August 8, 2018

Researchers at Israeli cybersecurity firm said Wednesday they had found a flaw in WhatsApp that could allow hackers to modify and send fake messages in the popular social messaging app.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.