APEC Forum yields more good news for U.S. exporters

The National Foreign Trade Council is among those groups now praising the progress made at Asia-Pacific Economic Cooperation (APEC) forum this week on investment in environmental goods and services

Vice President Jake Colvin is commending leaders for committing to a set of policies that will encourage green growth and development across APEC member economies.

NFTC is particularly pleased by the commitment to reduce by the end of 2015 applied tariff rates to 5 percent or less on an APEC list of environmental goods, and encourage leaders to make clear the importance of developing a robust and concrete list of those goods in 2012.

This position should resonate with our readers who are hoping to catch a piece of the forecasted surge in U.S. exports:

“NFTC is also gratified to see leaders pledge to eliminate existing local content requirements that distort environmental goods and services trade in the region by the end of 2012, and refrain from adopting new ones.