Illegal steel factories dodge China emissions laws (Photo : Getty Images)
Environmental pollution is a menace, a rather uncontrollable one. Commercial, domestic and industrial mechanism require energy. In order to provide environment-friendly cheaper goods, the World Trade Organization held a meeting.
According to ABC News, dignitaries from 46 countries including the U.S., China and other European Union Nations joined together to strike a deal. The proposal of introducing over 200 environment-friendly goods could contribute to a trade of $1 trillion per annum.
European Union Trade Commissioner Cecilia Malmstrom said that it is important to show that trade and environment should go hand in hand. Unfortunately, there was no consensus on the issue due to China's last-minute proposal of a list of goods which wasn't discussed earlier.
The New York Times reported that Turkish Economy Minister Nihat Zeybecki said that China presented a list which wasn't well studied and many countries were concerned about its contents.
Zeybecki also pointed out that the process of trading development is relatively slower between New Zealand and Canada on one side and Japan and Taiwan on the other.
The envoys returned to their countries to reconsider the agenda.
Commissioner Malmstorm told the press that the deal was important for environmental reasons and the members were also determined to show the world their conviction for the trade, but things didn't turn out well.
Another member discretely told that China's new list came in at 11 a.m., Sunday, when other members had already agreed upon many other points.
Malmstorm also said that all countries had their reservations regarding China's last-moment deal, as it was impossible to negotiate over the new proposal in a couple of hours.
Vice President of National Trade Council Jake Colvin called the failure a disappointment for American Business Community and added that China has missed the Chance to minimize its own environmental issues and be a part of a global trade.
