USCIB submitted a letter to United States Trade Representative (USTR) Ambassador Katherine Tai in response to Tai’s recent comments at the Center for American Progress Greening U.S. Trade Policy program. In her remarks, Tai outlined both the Biden Administration’s vision to green U.S. and multilateral trade policy and welcomed business engagement to share experience and ideas in this effort.
“We are keen to support a trade agenda that reinvigorates negotiations on environmental goods and services, addresses fossil fuel and fisheries subsidies, ensures compatibility between environmental and trade rules, and considers the circular economy holistically,” said USCIB Senior Vice President for Innovation, Regulation, and Trade Brian Lowry.
Lowry added: “USCIB and its members understand that resource conservation is a critical environmental consideration and that a resilient supply chain must recognize and account for the finite supply of planetary resources.”
In line with the explicit recognition of the criticality of resource conservation, the letter emphasized that outdated trade policies and international rules that restrict cross border flows of used products and secondary material feedstock continue to be obstacles to effective and efficient resource recovery. Reducing these barriers, alongside the encouragement and implementation of environmentally sound options to recycle and recover waste, will enable creative solutions that work in synergy with trade rather than impose counter-productive barriers.