EU, U.S. eye OECD-China tax pact on green goods
NEW YORK - The European Union and the United States are holding talks on agreeing a pact with OECD countries and China to eliminate duties on green goods as part of incentives to Beijing in a potential global climate deal.
EU diplomats said that under a plan being discussed by Brussels and Washington, the 30 nations in the Organization for Economic Cooperation and Development and China would agree a global pact to phase out import tariffs on goods such as wind turbines, renewables and green technologies.
But any deal is unlikely to include environmentally friendly hybrid cars, said the diplomats.
The talks are entering an advanced stage. Brussels and Washington hope this could be one of the incentives needed to get China on board in the lead up to the Copenhagen climate change talks, one EU diplomat told Reuters.
China is on course to become the world's largest producer of wind turbines this year and is a major manufacturer of solar products.
(Reporting by Darren Ennis, editing by Timothy Heritage)
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