by: Sarah Joson
Tuesday, May 26, 2015 |
Department of Trade and Industry (DTI) Usec. Adrian Cristobal Jr. is lobbying for support from APEC members in creating “new green jobs” and “greener future” as the Philippines continues to boost efforts in promoting trade and investment in the environmental products and services sector. The country is also eyeing to build sustainable communities and businesses, and improve efforts to address climate change in the Asia-Pacific region.
Mr. Cristobal also said there are plenty of innovative environmental technologies that could be beneficial to member countries. As for the environmental goods segment, it is assumed that improved market access will stimulate trade and investment while reducing costs, and drive efforts related to climate change.
The Philippines now aims to carry out their commitment in aligning approaches with the basic environmental standards, and is anticipated to adapt to reducing the tariff rates of 54 environmental products to five percent or less by the end of this year.
The country also guaranteed its promise that it will pursue green growth during the 2nd Asia-Pacific Economic Cooperation (APEC) Public-Private Partnership Dialogue on Environmental Goods and Services (PPEGS) recently held in Boracay, Aklan.
Other crucial topics covered in the forum include challenges that hinder EGS trade and investments, most effective ways to promote EGS trade and investment, and what public-private partnerships (PPP) can do in promoting trade in the Asia-Pacific region.
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