COP27: WTO chief seeks to revive green trade talks

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SHARM EL-SHEIKH, Egypt, Nov 8 (Reuters) - The caput of the World Trade Organization aims to revive negotiations connected a planetary biology commercialized deal, she told Reuters, arsenic portion of efforts to springiness the commercialized watchdog a bigger role successful tackling clime change.

Talks connected scrapping tariffs and different commercialized barriers connected goods specified arsenic star panels oregon smart-heating controls that tin code clime alteration are seen arsenic an important measurement towards cutting the outgo of biology protection.

But WTO discussions collapsed successful 2016 aft disagreements betwixt China and Western countries astir which products should beryllium connected the biology list.

"We would similar to spot the revival of an biology goods and services agreement," Ngozi Okonjo-Iweala told Reuters connected the sidelines of the COP27 clime acme precocious connected Monday.

She said the talks should besides beryllium expanded to see services. These could see aerial contamination mitigation oregon wastewater treatment.

"You request to person a affable commercialized authorities for renewables and different environmentally-friendly products," she said, noting tariffs for fossil substance products are little than for renewables successful galore countries.

The planetary commercialized body's quality to onslaught multilateral deals has been successful uncertainty aft a years-long drought but the clinching of agreements successful June has helped to reconstruct religion and renew ambition.

Exploratory discussions astir a imaginable revival of a greenish commercialized woody person begun astatine the 164-member WTO body, though Okonjo-Iweala said immoderate countries had expressed concerns, without naming them.

She suggested opening with a preliminary database of immoderate 50 oregon 60 products that could beryllium lengthened gradually.

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Reporting by Simon Jessop; Writing and further reporting by Emma Farge; editing by Barbara Lewis

Our Standards: The Thomson Reuters Trust Principles.

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