EGA agreement negotiations come to an end, LED lighting and other three industries to fight tax reduction

China's Ministry of economic affairs of Taiwan yesterday (1) announced that minister Li Shiguang will attend the December 3rd WTO Conference on environmental commodity agreements () held in Geneva, Switzerland, (EGA). Officials said that this is the EGA agreement for more than two years, held the first ministerial meeting, means that the negotiations will be coming to an end, only the goal of distance negotiations.

Li Shiguang, Minister of Taiwan economy

Taiwan's Ministry of Economic Affairs said it would actively strive for bicycles, LED lighting and recycled paper products and other areas of Taiwan three major industries into the list of tax reduction. Three major industrial output value of about NT $495 billion 500 million, and the main focus of the export market is still high tariffs, the industry is expected to EGA after the implementation of the tax can be reduced.

It is understood that the three major countries of the country's export tariffs are not the same, bicycle export tariffs of about 10%, bicycle components of about 2% to, LED lighting products range from 3% to 5%, ranging from 5% to. Because of climate change, this year at the beginning of the September G20 summit held in Hangzhou, the leader of the declaration to the EGA negotiations can reach at the end of this year. Officials said that the current range of EGA products has more than 300, the meeting was held in the hope of meeting the integration of the product range, as well as the future of the text to reach consensus.

EGA aims to eliminate environmental goods through customs barriers, creating a win-win trade, environment and development effect. EGA negotiations officially launched in July 2014, has so far held 18 rounds. The negotiation members include Taiwan and Australia, Canada, Chinese, Chinese, Costa Rica, EU, Hongkong, Japan, Korea, New Zealand, Norway, Singapore, Switzerland, the United States, Israel, Iceland, Turkey and other 17 members (a total of 44 countries or regions), including the European Union and the United States, China, Japan China the main export market in Taiwan China.

Due to the political reality, Taiwan in the promotion of bilateral trade agreements (FTA) frequently blocked; participate in the WTO under the trade agreements, as a result of China's exports to Taiwan enjoy preferential tariff pipeline. The most representative of the agreement is to expand the information protocol (ITA2) entry into force in July this year, China's export of liquid crystal device parts in Taiwan, other integrated circuits, digital cameras and television cameras and so began to enjoy preferential tariff. In addition, Taiwan, China also participated in the trade in services trade agreement (TiSA) negotiations.

Environmental commodity agreement (EGA)

Environmental goods agreement (Environmental Goods Agreements, EGA WTO) belongs to a Plurilateral Trade Agreement, agreement is mainly through the elimination of tariff barriers to environmental goods, in order to achieve not only protect the environment, but also take into account the effect of eliminating trade barriers.

There are currently 17 members involved in the negotiations, because the definition of environmental goods list include extensive, waste and waste water treatment, air pollution control, energy efficiency, renewable energy resources, noise control, environmental friendly products, environmental remediation and restoration, the negotiating countries (or regions) are the main claim their goods into tax reduction list. Taiwan, China, for example, to mention the products, including bicycles and parts, LED lighting, a total of 295 products.

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