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WTO members start initiative to reduce tariffs on green goods

5:55 AM MST | January 28, 2014 | Michael Ravenscroft

The European Union and 13 other members of the World Trade Organization (WTO; Geneva), including the United States and China, have pledged to launch negotiations within the WTO to liberalize trade in green goods, the European Commission says. Green—or environmental—goods are regarded as a vital component in sustainable development, according to the commission, and include areas such as dealing with air pollution, generation of renewable energy, and waste management. The aim of the initiative is to reduce tariffs on a broad list of green goods. The...

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