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exclusive | wto deputy director-general zhang xiangchen: what is "green subsidies"? there is no consensus among all parties yet

2024-09-13

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as the green transformation deepens, countries have adopted a variety of measures to address climate change. these measures cover a wide range of areas, not only for environmental protection purposes, but also for the impact on industry and international trade. some experts pointed out that so far, green subsidies are more of a policy concept, mainly involving subsidies for addressing climate change, and controversy has been around in recent years.recently, wto deputy director-general zhang xiangchen said in an interview with the first financial reporter that the wto has its own rules on subsidies, but facing the current new situation, there is no consensus among all parties on what constitutes green subsidies.so "to solve this problem, we need to sit down and discuss what green subsidies are and what bad subsidies are, but there is no such condition at present. we may need to wait until the time is right and everyone has to discuss (the issue), rather than relying on bilateral trade frictions or unilateral actions, which may require a tortuous process." he explained. (first financial reporter feng difan) (this article is from first financial)
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