A Global System for Aviation Carbon Emissions

 

After China, India, the United States and Russia oppose the EU’s Emissions Trading System directives, EU might alter its ETS if an agreement is reached.

 

A global system for aviation carbon emissions have been introduced in discussion by the International Civil Aviation Organization (ICAO), a U.N. body, and it is supported by the International Air Transport Association (IATA), an industry group, which opposes the European charges.

 

More here.

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Open Market for Poorest Countries (LDCs)

16 April 2012

 

At a meeting of the sub-committee on least-developed countries (LDCs), a subsidiary body to the Committee on Trade and Development, four developing WTO members reported their commitment to opening their markets for products from least-developed countries.

 

The commitment of the four members – India, China, Chinese Taipei and Korea – to open market reflect the increased efforts to improve market access conditions for imports from the poorest countries. The four members agree to implement duty-free and quota-free market access for products originating from least-developed countries (LDCs).

 

The current list of LDCs (designated by the United Nations) includes 48 countries, 31 of which to date have become WTO members and comprise about 12 percent of the world’s population, but account for less than 2 per cent of world GDP and about 1 percent of global trade in products.

 

Kindly find more information about the WTO work programme for LDCs on the WTO’s webpage.