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EU proposes ‘transatlantic green trade agenda’ in wake of Biden’s election

(EurActiv, 3 Dec 2020) The European Commission has proposed establishing “a comprehensive transatlantic green agenda” to coordinate EU-US positions on climate change in the wake of Joe Biden’s election to the White House.

The new green trade agenda, put forward by the European Commission on Wednesday (2 December), is part of a broader proposal to reset EU-US relations after four years of strained ties under Donald Trump.

“Let’s look forward, not back. Let’s rejuvenate our relationship,” said Josep Borrell, the EU’s foreign policy chief.

The new green trade agenda, put forward by the European Commission on Wednesday (2 December), is part of a broader proposal to reset EU-US relations after four years of strained ties under Donald Trump.

“Let’s look forward, not back. Let’s rejuvenate our relationship,” said Josep Borrell, the EU’s foreign policy chief.

One key area of potential transatlantic cooperation is the EU’s upcoming Carbon Border Adjustment Mechanism, which aims to restore fair competition with countries that do not put a price on carbon emissions from polluting industries.

Europe and the US could “work together to set a global template for such measures,” the Commission said, calling for a joint EU-US “Trade and Climate initiative” within the World Trade Organisation.

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EurActiv, 3 Dec 2020: EU proposes ‘transatlantic green trade agenda’ in wake of Biden’s election