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  • Stricter International Environmental Regulation, Opportunity to Preoccupy New Market
    2019-07-09 hit 440

    Stricter International Environmental Regulation, Opportunity to Preoccupy New Market

     

    - KITA issued Global Environmental Regulations Report … even the least developed countries are participating in environmental regulations -

     

     

    As technology regulations related to environment are spreading around the world not only to developed countries but also to developing and the least developed countries, some expect that there will be new markets.

     

    According to a report titled ‘2018 Global Environmental Regulations and Exporters’ Countermeasures’ issued by the Institute for International Trade (President, Shin Seung-kwan) of the Korea International Trade Association on July 4th, of 2,083 Technical Barriers to Trade (TBT) notifications from all over the world, environmental regulations were 352, accounting for 16.9 percent, last year. Developing countries issued the largest number of notifications of 149, taking up 42.3 percent, followed by developed countries (128 notifications, 36.4%) and the least developed countries (75 notifications, 21.3%).

     

    Among the top seven EU countries, advanced nations such as the European Union and the United States are in the forefront. Last year, the EU enacted 60 environmental regulations, 25 percent more than the previous year, and the United States enforced 43 regulations with an increase of 65.4 percent. In particular, the EU is concerned about environmental pollution caused by toxic chemicals and its environmental regulations accounted for 55.6 percent of the total number of 108 technology regulations.

     

     

    Uganda had 24 environmental regulations and China, Rwanda and Cambodia enacted 19 environmental regulations and ranked on the list. Uganda, Rwanda and Cambodia had not ranked on the list until 2017, but the number of their regulations increased sharply last year and ranked to third, fifth and sixth, respectively. In particular, Cambodia’s 19 regulations were all environmental regulations.

     

    The report stated, "Since not only advanced countries and developing counties but also the least developed countries are strengthening environmental protection technology regulations, new markets are emerging.” The report advised, "If Korean companies with highly developed environmental technology thoroughly understand the new regulations and procedures and prepare in advance, they will be able to preoccupy new markets.”

     

    Jang Hyun-sook, a researcher at the Institute for International Trade of the Korea International Trade Association, said, "If we fail to properly respond to the trend of stricter environmental regulations around the world, it can be a big obstacle to Korea’s exports." The researcher stressed, "Korean companies need to pay attention to new markets created by environmental regulations."

     

                       

    <Protection TBT Notification in 2017 & 2018>


                                                                                (Unit: number of notification, %)

    rank

    Country

    2017

    Country

    2018

    Environmental

      Regulation

    (portion)

    Technology Regulation

    Environmental Regulation

    (portion)

    Technology Regulation

    1

    EU

    48(51.1)

    94

    EU

    60(55.6)

    108

    2

    Uganda

    36(17.4)

    207

    United States

    43(39.4)

    109

    3

    China

    32(56.1)

    57

    Uganda

    24(11.5)

    209

    4

    United States

    26(34.7)

    75

    China

    19(29.2)

    65

    5

    Mexico

    16(34.8)

    46

    Rwanda

    19(13.9)

    137

    6

    Chile

    12(28.6)

    42

    Cambodia

    19(100.0)

    19

    7

    Saudi

    Arabia

    12(16.0)

    75

    Korea

    16(26.2)

    61

    Note 1) Environmental Protection TBT Notifications were tantalization of environmental

               protection documents from the technology regulations submitted to the WTO

           2) The number in () indicates the percentage of environment-related notifications

               in the total TBT notifications

              Source:WTO/TBT Information Management System, organized by the Institute

              for International Trade of the Korea International Trade Association

     

     

     

     

     


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