Philippine Standard time

APEC-Early Voluntary Sectoral Liberalization: Energy


Effects of tariff reduction on energy products are expected to be minimal , except on natural gas. Liberalizing non-tariff measures should concentrate on removing/minimizing tax differentials across petroleum products. On the provision of services within the energy sector, liberalization would involve instituting greater transparency when awarding contracts and relaxing entry requirements into the industry. Most of the ecotech measures proposed involve demand management, efficiency, transmission, exploration and survey technologies and the setting up of the proposed electricity contract markets.


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