BIZCHINA / Environment
WTO Commitments
Updated: 2006-04-18 11:30
The Environmental Protection Industry's WTO Commitments
The list of service trades in the legal documentation of China's
accession to the World Trade Organization (WTO) has made relative
commitments to environmental protection services.
The commitments indicate that after China's entry into the WTO, the
Chinese government will permit foreign service providers to engage in
environmental services as joint ventures; the majority share will be
permitted in the area of environmental protection services, including
emissions of pollutants, treatment services of solid wastes and exhaust
gases, reduction of noise, protection of nature and scenic sites, as well
as other environmental protection and sanitary services.
Environmental monitoring and inspecting pollution-causing resources are
not included.
During the Tenth Five-Year Plan (2001-2005), demand for investments in
China's environmental industry is estimated to climb to 700 billion yuan
(US$84.33 billion), and a vast market will emerge. The State
Environmental Protection Administration will encourage foreign
entrepreneurs and financial institutions to invest in this industry and
promise to carry out the scheduled commitments regarding the
environmental service industry; environmental policies and regulations
will be adjusted and reformed using advanced experiences from abroad.
On one hand, the Chinese government will become acclimatized to the
demand arising from China's accession to the WTO and strengthen the
coordination of environmental and trade policies, and regulate government
behavior in environmental administration. On the other hand, the country
will try its best to comply with the development trend of world
environmental protection and intensify the stimulating mechanism and
transparency of environmental information.
[Source: State Environmental Protection Administration]
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