Time for Chinese Leadership to Advance Global Environmental Goods Pact

On the eve of this weekend’s G20 trade ministers meeting in Shanghai, China, the National Association of Manufacturers (NAM) joined more than 40 global associations in a letter urging China to demonstrate leadership that results in the conclusion of a commercially meaningful international agreement that would eliminate tariffs on a wide range of environmental goods and technologies. As this year’s host of the G20, China has a golden opportunity to lead the successful conclusion this year of the Environmental Goods Agreement (EGA), an agreement being negotiated under the umbrella of the World Trade Organization and a high priority for the global business community.

An ambitious EGA would eliminate tariffs on a wide range of environmental goods and technologies, an industry that accounts for nearly $1 trillion in annual global trade. Such an agreement would promote economic growth, improve environmental outcomes and advance innovation not only in China, but also in the United States.

The EGA would boost manufacturing and support our broad environmental goals as a country, supporting jobs and growth throughout the supply chain. It would also be an important catalyst to increased development of and trade and innovation in new environmental technologies around the world. It will improve the environment, from providing cleaner water to reducing pollution. At the same time, it will support the growth of the manufacturing industries that produce and utilize these technologies. In the United States, such technologies are manufactured throughout the country, providing good-paying jobs.

A rock-solid commitment this weekend by trade ministers from China, the United States and other G20 economies participating in the G20 discussions in ShanghaiAustralia, Canada, European Union countries (France, Germany, Italy and the United Kingdom), Japan, South Korea and Turkeywould provide key momentum as EGA talks intensify in the run-up to September’s G20 Summit in Hangzhou, China.

Ken Monahan

Ken Monahan

Director for International Trade Policy at National Association of Manufacturers
Ken Monahan is the Director for International Trade Policy at the National Association of Manufacturers (NAM), where he works with NAM member companies to develop and advocate the association’s positions and priorities on trade agreement negotiations, ensure enforcement of existing trade agreement commitments, and other issues including the World Trade Organization (WTO), miscellaneous tariff bills, data flows and privacy, conflict minerals, forced localization, and other bilateral country trade matters (e.g., Colombia, South Korea, and the European Union and its member states). Mr. Monahan has on-the-ground experience negotiating trade agreements, having worked at the U.S. Department of Commerce on the WTO Doha Round negotiations, the U.S.-Korea free trade agreement and other international trade matters.
Ken Monahan

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