At the top of President Obama’s agenda at the APEC summit, November 12-13, is making progress on "green growth," reports Reuters.
Other priorities are reducing regulatory barriers to trade and strengthening overall trade and investment ties throughout the region.
Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim countries that seeks to promote free trade and economic cooperation in that region. The forum is followed by the high-level U.S.-China Joint Commission on Commerce and Trade, where these subjects will also be discussed.
The US Commerce Dept will decide by November 9 whether to initiate an investigation of the US solar industry trade complaint against China.
Earlier this month, the Obama administration notified the World Trade Organization that nearly 200 Chinese subsidy programs – particularly in solar and wind – may violate free trade rules.
U.S. trade officials are also alarmed that to participate in China’s market for "New Energy Vehicles," companies are required to transfer proprietary electric car technology there (as is has done in wind energy and other industries), reports Reuters.
The US wants the region to remove trade barriers for environmental goods and services – it would be a basket approach with a combined tariff of 5%, according to U.S. Trade Representative Ron Kirk.
Learn more about APEC, which has several green initiatives on its homepage.
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