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APEC members eye green products list by September

Tue, 06/05/2012 - 10:25am
Reuters

(Reuters) - Top trade officials from the Asia-Pacific region said on Tuesday they hoped to agree by September on a list of environmentally friendly products that would be targeted for tariff cuts over the next three years.

"We reaffirm our commitment to promote trade and investment in environmental goods and services (EGS) in order to address environmental challenges," trade ministers from the 21 members of the Asia-Pacific Economic Cooperation (APEC) forum said in a statement issued at their annual meeting in Kazan, Russia.

President Barack Obama and other APEC leaders agreed last November to cut tariffs on certain environmentally friendly goods to 5 percent or less by the end of 2015, and pledged to decide on the list of products by this year's leaders' summit meeting in September in Vladivostok.

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