Wto Environmental Goods Agreement

The tariff agreement aims to build on the commitment made by the Heads of State and Government of the Asia-Pacific Economic Cooperation (APEC) to reduce tariffs on a list of 54 environmental goods by the end of 2015 by taking the next step in eliminating tariffs on these 54 products and extending product coverage to other environmental technologies. The United States seeks to include a wide range of made-in-America environmental technologies, including those related to: Since Asia-Pacific Economic Cooperation (APEC) leaders agreed in September 2012 to reduce tariffs on a list of 54 environmental goods by the end of 2015, the interest of APEC and non-APEC economies in Geneva has grown, find a way to re-engage in negotiations on environmental tariffs in the WTO. On the 11. The round of negotiations took place in Geneva from 30 November to 4 December 2015. Negotiators continued discussions on a more targeted list of environmental goods distributed to negotiating parties in November 2015. Participants also explored different ways to reach consensus on a final list of products for the EGA. In addition, customs experts and negotiators have carried out additional technical work to ensure that the products contained in a potential AGM are easily identifiable by customs officers at the border. As no consensus could be reached on the final list of environmental goods by the end of the round, participants agreed to reach a new agreement in 2016 to continue negotiations. Following the round, a revised list of environmental goods was circulated to the negotiating parties, reflecting the technical work done during the round and the removal of a small number of sensitive goods for some participants. Fourth, the tariff structures in Figure 1 suggest that liberalization of trade in environmental goods would lead to a sharp increase in imports for low-income countries, especially if initial trade flows are low, suggesting high elasticity of trade costs. For example, high-income countries with high trade share would have a low trade cost elasticity to liberalize their trade in environmental goods, while the reverse would be the case for low-import developing countries. In addition, existing barriers to trade in environmental goods are generally higher for developing countries.

The sixth round of negotiations took place from 4 to 8 May 2015. Over the course of the five days, participants reviewed the substantive list of product proposals developed during the first five rounds of negotiations and began to signal support for their environmental products of interest. Participants also had constructive technical discussions on the environmental credibility of the various nominations as well as the feasibility of their Customs implementation. The fifth round of negotiations took place in Geneva from 16 to 20 March 2015. This cycle, which focused on products for environmental monitoring, analysis and evaluation, environmentally friendly products and resource efficiency, was the last opportunity during the first rounds for participants to place product nominations. .