Ministry of Economic Development of the Russian Federation
Ministry of Economic Development of the Russian Federation
APEC ministers approve a list of environmental services for their further liberalization
10 November 2021 13:58

On November 8-9, 2021, a joint meeting of the Ministers of Foreign Affairs and Ministers of Trade of the Asia-Pacific Economic Cooperation (APEC) Forum was held in the format of a video conference. The Russian delegation was headed by Maxim Reshetnikov, Minister of Economic Development.

The key topics of the event are the role of trade measures in the region recovery after the pandemic, as well as increasing the resilience of economies to future shocks.

Within the frames of the discussion on the stabilization of trade and investment activities in the region, the Russian side emphasized the high importance of emergency measures to mitigate the consequences of COVID-19, provided that they remain temporary and there are no long-term trade distortions.

Maxim Reshetnikov also noted the need for APEC economies to take individual measures to simplify and liberalize trade in components used in the production of vaccines, as well as to remove restrictions on investment flows used to create vaccine production capacities abroad.

During the meeting, special attention was paid to the trade aspects of the climate agenda. Together with the partners, the ministers recorded the progress in reducing tariff rates for a list of 54 environmental products agreed upon during the Russian chairmanship in 2012. At the initiative of New Zealand which is chairing the association this year, the ministers agreed on the APEC Consolidated List of Environmental Services. The document consists of more than 60 types of services impacting the environment. This initiative is supposed to give impetus to the launch of joint work on the liberalization of trade in eco-services in the region. “It is important that the APEC economies maintain an active dialogue on the liberalization of trade in environmental goods and services. As well as on a broader climate agenda,” said the head of the Russian Ministry of Economic Development.

In this connection, Maxim Reshetnikov called on the partners to support augmenting of such potential. The Minister noted that a vivid example of our openness to cooperation is two current Russian projects: on the analysis of carbon emission pricing initiatives and the study of environmental provisions in free trade agreements.
In the context of inclusive and digital development, APEC economies unanimously advocated the need to develop joint measures to increase employment and adapt the population to the new labor market requirements, to integrate SMEs into regional and global markets, as well as to unleash the potential of digital technologies and reduce the digital divide. “For a long time, the key Russian priority has been the support of MSMEs, women, and the population of remote areas. During the pandemic, the government took measures to maintain income and support employment. About 42 billion USD were allocated for these purposes,” stressed Maxim Reshetnikov.

Based on the results of the two-day meeting, a Joint Ministerial Statement was adopted, fixing the parties’ commitments to increase interaction in the key areas of the economic agenda, as well as two annexes to it: the Report on the Interim Results of the Implementation of the APEC Roadmap on the Competitiveness of Services and the Consolidated List of Environmental and Other Related Services.

Дата публикации: November 10, 2021
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