APEC trade policy on environmental services deliberated
As part of the second APEC SOM 2 and related meeting, the Committee on Trade and Investment (CTI) hosted a Trade Policy Dialogue (TPD) on Environmental Services in Hanoi on May 11.
The Trade Policy Dialogue (TPD) on Environmental Services in Hanoi on May 11 (Photo: VNA)
Hanoi (VNA) – As part of the secondAPEC Senior Officials Meeting (SOM 2) and related meeting, the Committee onTrade and Investment (CTI) hosted a Trade Policy Dialogue (TPD) onEnvironmental Services in Hanoi on May 11.
The dialogue was designed to provide information aboutthe classification of environmental services, study the combination ofenvironmental products and services and discuss ways for APEC member economiesto support each other in speeding up negotiations on environmental services.
At the dialogue, JehanSauvage, a Trade Policy Analyst in the Trade and AgricultureDirectorate of the Organisation for Economic Cooperation and Development (OECD),shared his expertise about environmental services.
Accordingto him, there are three basic types of environmental services: keyenvironmental services (wastewater treatment, underground water management);environment-related services (consultant and technical services) and otherservices directly related to the environment (legal and auditing services).
Water resourcesbusiness was also a topic that gained attention from delegates at the dialoguewhere they mentioned factors considered as a momentum to enhance creativity andefficiency as well as challenges in this field.
Regardingthe limited use of recycled items and disposable products, participants emphasisedthe importance of circular economic model and ways to reduce the re-use andrecycling of items in the daily life. The disposal, treatment and management ofwaste not only bring benefits to society but also the environment, they noted.
Overcoming the environmental damage was also a type ofservice debated by the delegates. This sector has faced a number of challengesdue to different standards and regulations on the environment in differenteconomies and political institutions.
During the course of the final session, the panelsdeliberated ways to effectively boost renewable energy business, noting that thesense of efficiency in thinking and action could improve the quality ofbusiness and enhance competitiveness in the market.
Legal challenges are likely to hinder development ofthe renewable energy sector and they should be removed as soon as possible,they said.-VNA
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