The group of 21 major economies that make up the Asia-Pacific Economic Cooperation (APEC) body will draw up a list of “green goods” for which tariffs will be cut to 5% or less by the end of 2015.

The list could include products such as solar panels and wind turbines.

The announcement by APEC members meeting in Honolulu, Hawaii, was seen as a victory for President Barack Obama, host of the summit.

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