The European Commission has proposed that developing countries meeting certain environmental standards be eligible for tariff concessions on their exports to the EU. If the European Parliament and member states agree the plan, it will mark the first time that the EU has expressly incorporated environmental sustainability goals into its trade policies with the developing world.
The proposal is included in Commission plans to update rules on how the world's poorest countries can minimise the tariffs they must pay when exporting goods to the EU. For the first time, countries that manage their rainforests in a sustainable manner will receive additional tariff breaks.
Please enter your details
Not a subscriber?
Take a free trial now to discover the critical insights and updates our coverage offers subscribers.