(Tom Miles – Reuters)
European resistance to China’s massive bicycle industry is just one potential stumbling block for environmental trade talks this weekend in Geneva, where World Trade Organization members could pave the way to scrap tariffs on exports worth over $1 trillion.
Trade ministers from the European Union, China and 16 other WTO members including the United States and Japan hope to agree a list of environment-related products that will have their import tariffs scrapped, cutting costs and boosting sales.
But trade officials say that there are still many objections to including many of the 300 or so specific products under discussion, and a deadline penciled in for Sunday is far from certain. Click here to read more.