EU launches negotiations on environmental trade agreement
EU News 299/2014
Brussels, 9 July 2014
Today the EU, together with 13 other WTO members (Australia, Canada, China, Costa Rica, Chinese Taipei, Hong Kong (China), Japan, Korea, New Zealand, Norway, Switzerland, Singapore and the US) have formally opened plurilateral negotiations in the WTO on liberalization of trade in so-called ’green goods’.
At the first stage, the members of this initiative will aim to eliminate tariffs or customs duties on a broad list of green goods that help clean the air and water, help manage waste, are energy efficient, control air pollution, and help generate renewable energy like solar, wind, or hydroelectric. At the second stage, the negotiations could also address non-tariff barriers and environmental services. The EU is particularly interested to reduce barriers to trade in services ancillary to goods exported. E.g. to produce wind energy, it is not enough just to buy the wind turbine: companies also need to have access to the maintenance and engineering services necessary to keep it running smoothly in the world of global value chains.
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