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(Sep 07, 2012) The 21-member nations of the Asia-Pacific Economic Cooperation (APEC) have been working on an agreement to reduce tariffs for environmental goods since November 2011, when the Honolulu Declaration was adopted. That Declaration, among other provisions, calls for the development of a list of goods that directly and positively contribute to green, sustainable development and proposes the goal of tariffs on these items being reduced to 5% or less by 2015. The list of goods was to be developed this year. (Key APEC Milestones, APEC website (last visited Sept. 5, 2012); Honolulu Declaration: Toward a Seamless Regional Economy, APEC website (Nov. 12-13, 2011); Annex C: - Trade and Investment in Environmental Goods and Services [of the Honolulu Declaration], APEC website (Nov. 13, 2011).)
Negotiations over which products would come under the future limit on tariffs are ongoing, with an agreement to be considered and perhaps approved when the APEC heads of state meet on September 8 and 9. Seventy-five items are on the list being discussed. (
- Author: Constance Johnson More by this author
- Topic: Trade and commerce More on this topic
- Jurisdiction: APEC / Indonesia More about this jurisdiction
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Last updated: 09/07/2012