China has joined the US, EU and Japan in a new push to lower tariffs and other trade barriers on the $1tn global annual market in green goods.
The move is intended to end a deadlock within the World Trade Organisation, where efforts to secure a deal on green goods have been caught up in the stalemate around the 12-year-old Doha round of negotiations.
The initiative was announced on the sidelines of the World Economic Forum in Davos on Friday by Michael Froman, the US trade representative and counterparts including Karel De Gucht, the EU’s trade commissioner.
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