There is significant progress to report from the last two rounds of Environmental Goods Agreement (EGA) talks – at least at the technical level – since our last newsletter in January.
We kicked off 2016 with a strong wish and recommendation from the Sustainable Energy Trade Initiative (SETI) Alliance to the 17 EGA participants to make an effort to finalise a first tariff agreement this year. There are several reasons for this.
The EU Commission has launched its inception impact assessment investigation on possible change in the EU methodology to establish dumping in trade defence investigations concerning the People’s Republic of China – the so called ”market economy status” in AD/CVD proceedings. The study will investigate possible consequences of the following options: Option 1: The baseline scenario would leave the current legislation and practice, concerning the treatment of the PRC unchanged. The impact of the baseline option will be assessed.
According to India Times a settlement between US and India is due for the "principle" WTO panel case on local content requirements for renewables. The panel ruling was though avaited with great interest as this could have given a clear signal on what is possible to regulate for local content requirements in national markets according to WTO rules. See more from the news article: http://timesofindia.indiatimes.com/business/india-business/India-US-near-pact-on-solar-project-dispute/articleshow/50908797.cms
As reported in my last newsletter of 2015, the Environmental Goods Agreement (EGA) talks were sadly not in a position to deliver a first tariff result at the WTO’s Tenth Ministerial Conference (MC10) in December, despite initially targeting this as “un-official” milestone for the negotiations. Although many acknowledged it would be ambitious to land a trade deal in just 18 months, it could have correlated nicely with the historic climate result during the same month at the UN climate talks in Paris, France, and thus constituted an important contribution from the trade side to emissions-reduction efforts.
Environmental Goods Agreement Statement by the Chair The Hon Andrew Robb AO MP, Minister for Trade and Investment, Australia Nairobi, Kenya 14 December 2015 In January 2014, ministers from 14 WTO members – representing more than 40 economies – met in Davos, Switzerland and agreed to explore ways to liberalise trade in environmental goods. This initiative followed a similar positive initiative in APEC in 2012-13. Negotiations on the Environmental Goods Agreement were formally launched in Geneva in July 2014.
Read here an excellent update on the latest technical round of negotiations on the Environmental Goods Agreement. As always "end-negotiations" are difficult - but not impossible....... http://www.ictsd.org/bridges-news/biores/news/environmental-goods-agreement-trade-talks-set-to-review-draft-final-list