Global trade deal on green goods

Published March 23, 2014

WASHINGTON: The United States has said it was planning to begin negotiations with other leading trading countries for a deal to cut tariffs for green goods like solar panels.

The office of the US Trade Representative said it had officially notified Congress of the plan to open talks for a new pact on environmental goods under the World Trade Organisation.

“By eliminating tariffs on the environmental technologies we need to keep our air and water clean, for example, we can make them cheaper and more accessible to everyone,” said US Trade Representative Michael Froman. “An agreement on environmental goods can make an importantcontribution to the domestic and international environmental protection agenda.”

Earlier this year the US reached agreement with 13 other WTO members to launch talks on a trade pact for environmental goods. The 13 plus the United States account for 86 per cent of the $1 trillion annual global trade in environmental goods.

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...