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The European Union has today committed to increase the role of trade in the fight against climate change and protecting the environment. It has signed up to three new initiatives to step up joint action in the World Trade Organization, sending a strong political signal on pursuing a strong environmental agenda for trade.
The EU and a significant number of WTO countries will now work jointly on facilitating trade in green goods and services, promoting sustainable supply chains and the circular economy. They will also cooperate on battling plastic pollution and to enhance transparency of fossil fuel subsidies.
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