China Intensifies Efforts to Promote 'Green' Trade With BRICS and Key Multilateral Platforms
China Intensifies Efforts to Promote 'Green' Trade With BRICS and Key Multilateral Platforms
Over 50 countries have already endorsed China's framework initiative on international trade and economic cooperation in the digital economy and 'green' development, Deputy Minister of Commerce Li Chenggang said.
The deputy also noted that:
🟠Beijing diligently meets commitments by progressively reducing tariffs on products listed in the APEC list of environmental goods to below 5%.
🟠The country also incorporated provisions on environmentally clean trade into memoranda of understanding aimed at deepening bilateral cooperation in trade facilitation, signed with countries including South Africa.
🟢 The transition to an ecological model is an "important trend in development and a stimulus for global economic growth," but this process faces challenges due to protectionism by some countries, he stressed.
At the 32nd informal APEC leaders’ meeting, Chinese President Xi Jinping announced plans to digitize cross-border trade and enhance international cooperation in clean industries.
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