The US, EU, Japan and 10 other economies will today launch a push to lower tariffs and other trade barriers on the $1.4tn global annual market in green goods and services.
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 is to be announced on the sidelines of the World Economic Forum in Davos by Michael Froman, the US trade representative, and counterparts including Karel De Gucht, the EU trade commissioner.
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