Asia

US, China, EU, others fail to reach environmental goods deal

Forty-six countries including the U.S., China and European Union nations failed Sunday to agree on a list of "environmental goods" like solar-powered air conditioners or LED light bulbs that could see lower tariffs.

The two-day meeting at World Trade Organization involved a bid to agree on reducing tariffs on over 200 environment-friendly goods worth around $1 trillion in trade annually, part of a process that EU trade commissioner Cecilia Malmstrom called important "to show that trade and the environment can go hand in hand."

She and other officials said China's presentation of a late list of goods to include threw a monkey wrench into the weekend...

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