According to the World Trade Organization’s president, the United States and its trading partners must attempt to settle their disagreement on American green assistance without engaging in a trade war. At the United Nations Climate Change Conference on Monday, Naguzi Oldo Iyalla, the director general of the World Trade Organization, said to Bloomberg TV, “We do not want a war of support.”
We don’t want things to fall to the lowest common denominator, where nations are unable to compete because they lack the resources to offer this support.
On Friday, the European Union urged the United States to amend the tax advantages in the recently passed inflation law, which Brussels said is distinguished against foreign goods, violating the rules of the World Trade Organization.
The United States’ actions, according to the European Union, run the danger of “creating tensions that could lead to mutual or retaliatory measures.”
OCONCO Eolalaa stated that support “may assist cut carbon emissions.” “There is nothing wrong with them as long as they do not infringe or hurt other products.
” Speaking to the correspondents earlier, Oldo Iyalla did not say whether she believed that the American subsidies plan violates the rules of the World Trade Organization, but said that such measures “should not love local goods and services at the expense of other goods and services. ” We hope that this does not turn into a race to the bottom, and we will work with the members to prevent it, she added.
Support for international trade can lower carbon emissions
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