Washington, DC – National Foreign Trade Council (NFTC) President Bill Reinsch today released the following statement in response to an agreement reached by leaders of the Group of Eight (G-8) industrialized nations to take action on climate change by reducing greenhouse gas emissions:
“We applaud the efforts of G-8 leaders to tackle the important issue of climate change and the recognition that the issue is a global problem in need of global solutions.
“While we are encouraged by world leaders’ overarching commitment to reducing greenhouse gas emissions, the devil is in the details, and the international community must give serious thought to a multilateral system that includes major developing countries like China and India which reduces emissions without undermining the international trading system.”
In December, the NFTC released a paper on climate change, titled “WTO – Compatibility of Four Categories of U.S. Climate Change Policy.” Please click here for a copy.