US trade chief Tai says climate key priority in trade policy
Global Economy
15 April, 2021, 10:10 pm
Last modified: 15 April, 2021, 10:12 pm
Tai said US climate protection efforts should not lead to the export of polluting industries to countries with lower standards, and comprehensive, global action was the only solution to meet such challenges
FILE PHOTO: Containers are loaded onto a ship, as the global outbreak of the coronavirus disease (Covid-19) continues, in the Port of Los Angeles, California, US, April 16, 2020. REUTERS/Lucy Nicholson/File Photo
US Trade Representative Katherine Tai on Thursday laid out her vision for using trade policy to protect the planet and combat climate change, and said the United States must be a leader in preventing a catastrophic environmental chain reaction.
Tai said US climate protection efforts should not lead to the export of polluting industries to countries with lower standards, and comprehensive, global action was the only solution to meet such challenges.
She said the World Trade Organization needed new rules to address the current corporate incentives to participate in a "race to the bottom" that put countries with higher environmental standards at a competitive disadvantage.
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