CBDR-RC = New S&DT Developing country members of the WTO benefit from Special and Differential Treatment (S&DT), meaning they have far fewer obligations for freer trade than developed countries. Now they want the same principle applied to environment protection practices. China has proposed that the TO environment committee weigh in on environmental protection practices, the target being nontariff barriers like the EU’s carbon border adjustment mechanism. India and other developing countries have the grand idea that developed countries should be forced to transfer their environment protection technologies to the majority WTO member countries designated as developing. The Biden Administration, having been ripped on Capitol Hil...

TAGS – North America