On February 28, 2012, Senator Ron Wyden, chairman of the U.S. Senate Finance Committee’s Subcommittee on International Trade, Customs and Global Competitiveness, released a report on U.S. competition with China in the field of “green” products. Titled “Losing the Environmental Goods Economy to China,” the report is part of a series of reports devoted to the subject of U.S. competitiveness in the international trade in “environmental goods.” These reports define “environmental goods and services” to include “goods and services associated with environmental protection.” Based on a review of statistical information on 43 subcategories under the Harmonized Tariff System, the most recent report states that U.S. exports of green products are under direct threat from Chinese state support for its exports of the same products. The report cites policy directives by the Chinese central government that outline a broad emphasis on propelling Chinese exports of hydropower, wind power, solar energy, and biomass energy products. The report finds that the market share of Chinese exports of these products has generally doubled or tripled in regional markets around the world during 2005-2010. During the same period, U.S. exports of the same products have generally not gained market share or experienced some decrease in market share. In the case of sales within the European Union, Chinese imports grew sevenfold, constituting 21 percent of the market in 2010, while U.S. imports fell from 6 percent to 4 percent of the regional market. The report urges Congress and the Administration to address these trade distortions to ensure a level playing field for American green products.
Register Now As you are not an existing subscriber please register for your free daily legal newsfeed service.Register
If you have any questions about the service please contact email@example.com or call Lexology Customer Services on +44 20 7234 0606.
Senator Wyden releases report on environmental goods
If you are interested in submitting an article to Lexology, please contact Andrew Teague at firstname.lastname@example.org.
“The Lexology newsfeed is very relevant to my practice and I like that you can tailor the newsfeed to include specific practice areas. I enjoy seeing a variety of approaches and I will read multiple articles on the...
“The Lexology newsfeed is very relevant to my practice and I like that you can tailor the newsfeed to include specific practice areas. I enjoy seeing a variety of approaches and I will read multiple articles on the same topic for the purpose of getting the fullest understanding of a new law, a court case or other legal development.”
Audrey E Mross
Labor & Employment Attorney
Munck Carter LLP