Financial Soultions: EU, U.S. and China look at tax exempting green goods.

Sept. 29, 2009 - PRLog -- The EU and the U.S. are convening talks on building an agreement with OECD countries and China to abolish duties on green goods as part of motivation to Beijing in a possible global climate deal, Financial Soultions has been informed.

The European diplomats announced recently that under a plan being talk about by Brussels and Washington, the 30 nations in the Organization for Economic Cooperation and Development and China would consent to a global pact to gradually remove import duties on such goods as wind turbines, renewables and green technologies.

But any deal is unlikely to include environmentally friendly hybrid cars, the diplomats said

"The talks are entering an advanced stage. Brussels and Washington hope this could be one of the incentives needed to get China on board in the lead up to the Copenhagen climate change talks," Financial Soultions understands an EU diplomat as saying.

"We remain eager to move ahead with negotiations to eliminate tariff barriers on climate-friendly technologies and spur momentum on a larger WTO Doha package on environmental goods and services," Financial Soultions heard from another USTR source.

China is on track to become the globe's principal producer of wind turbines in the world this year and is a chief manufacturer of solar products.

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