ENVIRONMENTAL GOODS AND SERVICES IN THE WTO Sample Clauses

ENVIRONMENTAL GOODS AND SERVICES IN THE WTO. Environmental and developmental issues are continuously getting more and more attention in the WTO, and the relationship between trade, environment and development has been given more room in negotiations and ministerial decisions. The Legal Texts, prepared during the Uruguay negotiation round of 1986-94, contains the notion that the policies of the free-trade values of the WTO and environmental considerations should not be contradictory. The ministerial decision on Trade and Environment (WTO, 1994:411) reads: “…there should not be, nor need be, any policy contradiction between upholding and safeguarding an open, non-discriminatory and equitable multilateral trading system on the one hand, and acting for the protection of the environment, and the promotion of sustainable development on the other.” Negotiations for reducing or eliminating barriers to trade in environmental goods and services (EGS) at the WTO is one essential theme under the DDA. Negotiations aim at creating “win- win-win” situations for trade, environment and development (WTO, 2014c). Many goods can achieve this triple win, for instance air filters and solar panels. Trade in services related to maintenance, installation and consultations are closely linked to the EGs and often central to make them work (Ibid). The debate about environmental goods and services has been ongoing in the WTO since the start of the Doha-round, but no agreement has been reached. In the General Council of 28 July 2005, the chairperson of the Trade Negotiations Committee informed that the members did not agree on the approach to the EGS issue, or on a definition of EGs (WTO, 2005). In June 2014 the chairman of the Committee on Trade and Environment in Special Session stated in his oral report that “on environmental goods, delegations are still reflecting on ways to move forward on this part of the agenda and this will need to be further explored in the coming months” (WTO, 2014a). He also mentioned that coming reflections on liberalization of EGS might need to consider the recent Environmental Goods Agreement (EGA) initiative. The market of environmental goods and services is growing steadily, and the OECD predicts that consumption of EGs and ESs are going to increase significantly over the next 5-10 years (Xxxxxxx and Xxxxxxxxx, 2005). Xxxxxxx and Xxxxxxxxx suggests that the need for strengthening environmental regulation in many countries leads to an increased need for EGS in the future, resulting in broadening ma...
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Related to ENVIRONMENTAL GOODS AND SERVICES IN THE WTO

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