"Major Trade Powers Pledge Free Trade in Green Goods"

"The world's biggest trading powers pledged on Friday to work toward a global agreement on free trade in environmental goods, but they gave no timeline for talks intended to support the fight against climate change."

"The United States, European Union, China, Japan and several other developed economies said in a joint statement that the agreement would take effect once there is participation by a critical mass of members of the World Trade Organization.

That gets around the WTO's requirement for unanimity on trade deals. The initiative is in line with new WTO chief Roberto Azevedo's drive to break a decade-old deadlock in world trade negotiations by first tackling the most promising areas for agreement."

Paul Taylor reports for Reuters January 28, 2014.

Source: Reuters, 01/29/2014