Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
..
. Energy News .




TRADE WARS
'Green' products trade gains momentum in APEC
by Staff Writers
Vladivostok, Russia (AFP) Sept 6, 2012


A push to boost Asia Pacific trade in environmentally friendly goods gained momentum Thursday as officials agreed to cut tariffs on bamboo floor panels, solar batteries and dozens of other "green" products.

Russian Minister of Economic Development Andrey Belousov said regional trade ministers agreed following two days of "intense" talks on a list of 54 products eligible for tariff cuts, in a bid to create more sustainable economic growth.

He described the agreement as a breakthrough, after discussions the previous day in the eastern Russian city of Vladivostok hit a rough patch amid bickering over which products should qualify.

"We're seeing a new market emerging for environmental goods," Belousov said.

Leaders of the 21-member Asia Pacific Economic Cooperation (APEC) who met in Honolulu last year had directed officials to come up with a list of green products by the end of this year.

However, there had been disagreements on what should be in the basket, with the United States wanting a "credible" list of products, China pushing to include bicycles and others saying honey was also an environmental product.

In the end, neither bicycles nor honey were on the list.

But the final list did include gas turbines, solar water heaters and bamboo floor panels, as well as equipment that recycles waste and controls air pollution.

The ministers will endorse the list to APEC leaders during their summit in Vladivostok this weekend.

If the leaders agree, tariffs on the products will be slashed to five percent or less by 2015.

Some APEC members have tariffs on these goods of 30 percent or more, according to Belousov.

However, an end-of-meeting statement by the ministers said the tariff cuts would take into account the "economic circumstances" of the each APEC member, a caveat that allow economies to defer action until they are ready.

Commitments are also voluntary in APEC.

On Wednesday, Belousov said the trade officials were able to agree only on 20 product groups but developed countries wanted the list expanded, leading into another day of discussions.

A joint press conference by Belousov and Russian Foreign Minister Sergei Lavrov was delayed for two hours Thursday as ministers held last-minute talks to hammer out a consensus.

"I can tell you it was very intense," Belousov said, but emphasised it took APEC only one year to reach an agreement, while the World Trade Oranization had not been able to do so during a decade of efforts.

Analysts said it was difficult to make an accurate estimate of the market potential for environmental products.

But the APEC Policy Support Unit, the grouping's research arm, studied trade patterns for a list of 164 potentially environmental goods that the EU and several developed countries, including the US, suggested to the WTO in 2007.

Global trade in the listed goods rose at an average annual rate of 12.8 percent between 2002 and 2010, when it reached $871.5 billion, with APEC members responsible for $443.5 billion of international sales, the unit said.

Products used in renewable energy plants, waste water management and potable water treatment as well as management of solid and hazardous waste registered the biggest trade volumes in 2010, the unit said.

The policy unit said the initial findings show the market is "potentially huge" and called also for the removal of cumbersome certification procedures and other non-tariff barriers.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
Chile eyes free trade deals at APEC
Santiago (AFP) Sept 5, 2012
Chile wants to strike new free trade deals with Hong Kong, Indonesia and Russia at the upcoming Asia-Pacific Economic Cooperation (APEC) summit in Vladivostok, its president said Wednesday. "Those are yet to be done, and we are making good progress on reaching free trade deals with Hong Kong, Indonesia and Russia," President Sebastian Pinera said in an interview with Radio Cooperativa before ... read more


TRADE WARS
Renewable Energy Sources Could be the Key to Reaching Through to Iran

Electricity prices spark welcome political collaboration

Australian shipping emissions identified

Australia abandons coal power plant closure plans

TRADE WARS
Greensmith now providing distributed energy storage systems

The Real Cause of High Oil Prices - An Interview with James Hamilton

Waste silicon gets new life in lithium-ion batteries at Rice University

Nigerian oil output slumps

TRADE WARS
Analysis sets price of global wind farms

SeaRoc charter MPI Adventure for Narec's Offshore Anemometry Hub Installation

Japan starts up first offshore wind farm

Maximum Protection against Dust; Minimal Effort

TRADE WARS
China 'deeply regrets' EU solar panel probe

EU hits Chinese solar companies with massive dumping probe

Constellation announces the completion of 16MW solar installation

Showing the way to improved water-splitting catalysts

TRADE WARS
Spain's oldest nuclear plant to be mothballed in July 2013

Polish companies join forces on nuclear power

Westinghouse Awarded Contract to Provide Feasibility Study for Hybrid Reactor Unit at Kozloduy NPP

Japanese majority favor zero nuclear power

TRADE WARS
Waste cooking oil makes bioplastics cheaper

Japan toilet maker showcases 'poop-powered' motorbike

Biorefinery makes use of every bit of a soybean

Warning issued for modified algae

TRADE WARS
Tiangong Orbit Change Signals Likely Date for Shenzhou 10

China Focus: Timeline for China's space research revealed

China eyes next lunar landing as US scales back

China unveils ambitious space projects

TRADE WARS
U.N. touts climate change talks progress

Climate change stories from the abyss

Australia scraps 'dirty' plant closures

Global climate talks make headway: UN




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement