Download or read book An Analysis of Korea's Environmental Goods Trade to China and Its Policy Implications written by Daejong Gwak and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amid increasing implementations of various regulations and measures for environmental protection in many countries with the widening awareness of environmental issues, the discussion of trade liberalization of environmental goods and services (EGS) in the international community has also been revitalized. Since its establishment in 1995, the WTO (World Trade Organization) has discussed this subject in the trade and environment committee. One of the main issues is lowering tariff levels and the reduction and elimination of non-tariff barriers on EGS.With regard to trade liberalization of environment-related goods in the Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting of 2012, it was agreed that discussions on trade liberalization will be focused on 54 items by HS 6-digit classification. Among these 54 items, the photovoltaic equipment solar panels, wind power generators, sorting crushers for recycling, liquid filters, and precision equipment for environmental analysis are included. Moreover, even in the WTO, Japan, US, EU, South Korea, Switzerland, Singapore, Australia and Canada started negotiations in January 2014 of a tariff reduction for new environment-related goods in volunteer countries in order to achieve both environmental protection and trade promotion.While Korea's exports of environmental goods and services remained under the level of 5 billion US dollars in the early 1990s, it soared to over 40 billion US dollars in 2013.This article analyzes Korea's EGS trade toward China according to the category of common OECD/WTO/APEC EGS classification. Of course, recent trends and issues of trade liberalization of EGS among international institutions such as WTO and APEC are summarized, and the conclusion suggests some policy implications.