Coalition strongly advocates the removal of all obstacles to market access
A promise by 14 World Trade Organization members at Davos to work towards the removal of trade barriers on environmental goods has been warmly welcomed by the B20 Coalition (now known as the Global Business Coalition), which strongly advocates the removal of all obstacles to market access
On Friday 24 January, on the side-lines of the World Economic Forum in Davos, the EU, the US and 12 other WTO members * agreed to pursue a trade facilitation agreement on environmental products.
The B20 Coalition warmly welcomes the potential breakthrough. The Coalition leaders met in Paris on January 20-21 and jointly urged G20 members to lead in such trade liberalization efforts – B20 Coalition global business outlook.
Coalition President Perrin Beatty said today, “Following on from the breakthrough at Bali, this is very encouraging news and we congratulate the 14 WTO members who have taken this initiative. On behalf of the business community, we strongly advocate the removal of all obstacles to market access and believe this bold step will bring down the cost of environmental technologies, encourage their application around the world and incentivise further sustainable investment and jobs”.
The Davos announcement echoes the B20 Coalition’s own priorities. In its 2014 Global Business Outlook, launched on 21 January, the Coalition, representing 6.5 million businesses, stressed the potential of green technologies, such as renewable energy, as global growth drivers, as well as calling for an ambitious trade liberalization agenda.
* Background: The green goods initiative launched in Davos brings together Australia, Canada, China, Costa Rica, Chinese Taipei, the EU, Hong Kong (China), Japan, Korea, New Zealand, Norway, Switzerland, Singapore and the US. Collectively, they account for around 90% of the world trade in green goods. The agreement will cover items such as solar panels, wind turbines and catalytic converters for cars, as well as filters and other parts for waste-water treatment plants.
This statement is issued in Berlin, Brasilia, Brussels, Buenos Aires, Istanbul, Johannesburg, Madrid, Mexico-City, New Delhi, Ottawa, Paris, Rome, Seoul, Sydney, and Washington DC by the B20 Coalition members.
B20 Coalition members: Ai Group, Australia · BDI, Germany · BUSA, South Africa · BUSINESSEUROPE, Europe · CCC, Canada · CEOE, Spain · CII, India · CNI, Brazil · Confindustria, Italy · Coparmex, Mexico · FKI, South Korea · MEDEF, France · TÜSIAD, Turkey · UIA, Argentina · US Chamber, USA ·
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