Geneva Reference Group: APEC Vladivostok Outcome on Environmental Goods
5th October 2012
On 9 September 2012, ministers and leaders of the Asia-Pacific Economic Cooperation (APEC), agreed on a list of 54 environmental goods for liberalization by 2015, following up on the commitment made in the Honolulu Declaration in November 2011. The Vladivostok Declaration states that applied tariffs will be cut to five percent or less, taking into account economies’ economic circumstances and without prejudice to their positions in the World Trade Organization (WTO).
The commitment will apply to applied tariffs, and is technically non-binding – members would not face any penalties for non-compliance. Nevertheless, the accomplishment could be an important step towards a more open market for environmental and climate-friendly goods, helping the industry and consumers to access green technologies at a lower cost, which in turn will facilitate their use and benefit the environment.
It is against the background of this development that ICTSD is hosting a small Roundtable of stakeholders and interested parties. At that meeting, ICTSD experts will present a preliminary analysis of the agreed APEC-list- what is and what is not on the list, and how it compares to other lists that have been discussed over the past years. They will also try to assess the magnitude of the undertaking, exploring which are the current bound and applied tariff levels and what the trade flows look like in the goods and technologies at stake. This will be following by an open, informal discussion to allow participants to dwell on the possible opportunities that may occur from this development and how they can best be capitalized upon, in order to extend the economic and environmental benefits as broadly as possible.
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