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NFTC Welcomes APEC Agreement on Green Goods
Date: 9/7/2012
Written By: Jennifer Cummings, The Fratelli Group for NFTC, (202) 822-9491

Washington DC In response to the news that officials of the Asia-Pacific Economic Cooperation (APEC) forum economies have agreed on a list of green goods to which they will commit to cap tariffs, Jake Colvin, Vice President for Global Trade Issues at the National Foreign Trade Council (NFTC), released the following statement:

"This is a significant accomplishment that, when implemented across the APEC economies, will lower the cost of and improve access to a range of clean tech technologies. It demonstrates the ability of APEC to achieve relevant, substantive outcomes and the desire of leaders across the Asia-Pacific region to make progress on complementary economic and environmental agendas.

"NFTC commends the U.S. government for its sustained leadership to eliminate barriers to green trade and create a more competitive environment in the region for American business and workers. We applaud the Russian government, which as host of APEC in 2012, helped drive the conclusion of this critical part of the process. We appreciate the important contributions of all APEC member economies that resulted in a refreshingly constructive, substantive, and ultimately fruitful process to reduce trade barriers.

"We hope that economies will build upon this outcome through APEC and at the World Trade Organization (WTO) to continue to deepen their economic integration and improve the ability of innovative industries to operate across the region. This commitment provides a strong basis to advance a broader agreement to reduce trade barriers to green technologies at the WTO as well as for APEC to explore other innovative sectors where similar progress could be achieved."

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About the NFTC
Advancing Global Commerce for Nearly A Century- The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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