Washington, D.C., July 8, 2016 – The United States Council for International Business (USCIB) joined dozens of international business organizations in urging the Chinese government to take a leadership role in concluding an ambitious Environmental Goods Agreement (EGA) this year. A concluded EGA, which is being negotiated under the umbrella of the World Trade Organization (WTO) among 17 WTO members, including the United States and China, would eliminate tariffs on a wide range of environmental goods and technologies.
“China has taken an increasing interest in playing a global leadership role on energy and environmental issues,” USCIB and other business organizations stated in a letter to Chinese government officials on June 8. “As this year’s host of the G20, China has a golden opportunity to lead the successful conclusion of the EGA by the 2016 G20 Hangzhou summit in September.” The G20 Trade Ministers are meeting in Shanghai this weekend.
The letter notes that as the largest producer of green technologies among EGA members, China has much to gain from a concluded agreement. A recent study found that the agreement would increase China’s exports by $27 billion as well as result in substantial economic benefits linked to improved environmental quality.
“We strongly urge China to demonstrate leadership that results in the conclusion of a commercially meaningful EGA this year,” the letter stated. “A concluded agreement would promote economic growth, improve environmental outcomes and advance innovation not only in China, but also around the world.”
Jonathan Huneke, VP communications, USCIB
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USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.