|ANNEX C- TRADE AND INVESTMENT IN ENVIRONMENTAL GOODS AND SERVICES|
|Saturday, November 12, 2011|
TRADE AND INVESTMENT IN ENVIRONMENTAL GOODS AND SERVICES
In 2007, in Sydney, we made a commitment to avoid barriers to trade and investment in pursuit of clean and sustainable development, and additionally launched an action agenda including promotion of environmental goods and services as a way to reduce trade barriers in this area. In 2009, we further enhanced this work by endorsing the APEC Work Programme on Environmental Goods and Services designed to help APEC reach agreement on actions to support sustainable growth in the region, advance work to increase utilization and dissemination of EGS, reduce existing barriers and refrain from introducing new barriers to trade and investment in EGS, and enhance capabilities of economies to develop their EGS sectors.
In 2011, we are now ready to take the concrete steps necessary to achieve these past commitments, and to make green growth a reality in all of our economies. Current estimates suggest that tens of trillions of dollars of investment will be required in the coming years to meet our clean energy, clean air, sanitation and other environmental goals. Ensuring that we can meet these goals at the lowest cost, utilizing the latest technologies, while also creating new, green jobs will be a significant challenge. In order to meet this challenge, we will benefit from open markets and enhanced environmental technology dissemination. Therefore, we agree to undertake the following actions to promote trade and investment in environmental goods and services:
We instruct officials to undertake capacity-building activities relevant to implementing these actions, including exchanging views, experiences, and best practices to promote EGS trade and investment.