Hong Kong will negotiate with 12 World Trade Organization members on the Environmental Goods Agreement, which seeks to eliminate tariffs on a range of eco- friendly goods, the Government of the Hong Kong Special Administrative Region said Tuesday.
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Hong Kong's export trade will benefit from the elimination or reduction of tariffs when the agreement is implemented, according to a statement posted on the government's official website.
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The elimination of tariffs will also lower the cost of green goods, promoting their wider adoption and improving the environment.
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The negotiations will also attempt to address non-tariff issues relevant to trade liberalization in environmental goods, the statement said.
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Other WTO members joining the negotiations include Australia, Canada, China, Chinese Taipei, Costa Rica, the European Union, Japan, New Zealand, Norway, Singapore, Switzerland and the United States.