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Iceland May be Added to Green Goods Talks

Tuesday, January 27, 2015
Sandler, Travis & Rosenberg Trade Report

The Office of the U.S. Trade Representative is accepting through March 6 comments on U.S. interests and priorities with respect to an initiative to invite Iceland to join the Environmental Goods Agreement negotiations. The EGA aims to eliminate tariffs on a set of environmental technologies such as wind turbines, water treatment filters and solar water heaters, which are currently subject to tariffs as high as 35 percent.

The EGA talks currently involve the U.S., Australia, Canada, China, Costa Rica, the European Union, Hong Kong, Japan, Korea, New Zealand, Norway, Singapore, Switzerland and Taiwan, which together account for 86 percent of global trade in environmental goods. The government of Iceland expressed interest in joining the negotiations in November 2014, and participants subsequently agreed to begin any relevant domestic procedures so as to allow Iceland to join.

USTR is therefore seeking written comments on all matters relevant to the potential participation of Iceland in the EGA negotiations, particularly with regard to the environmental goods of which Iceland is a significant producer and consumer as well as its current market conditions for environmental technologies.

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