A new Zpryme report, APEC Tariffs & Renewables, explores the recently reached historic tariff reduction agreement APEC finalized on renewable energy.
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Austin, TX - (Zpryme) – 10/13/12 – A new Zpryme (www.zpryme.com) report, APEC Tariffs & Renewables, released today explores the recently reached historic tariff reduction agreement that The Asia-Pacific Economic Cooperation (APEC) finalized on renewable energy. Tariffs between APEC member states will be reduced to 5% or lower by the end of 2015 on listed renewable energy items. The complete list of 54 items (available here) were listed for inclusion, all of which will benefit APEC members and have a positive effect on both their sustainable energy goals and their economies.
Download the Zpryme report, APEC Tariffs & Renewables, at: www.smartgridresearch.org
“Firms that have established themselves in the APEC region by 2015 when the tariffs are reduced will be best positioned to take advantage of the opportunities for growth,” said Megan Dean, a Sr. Analyst at Zpryme. “This is an excellent time for vendors to form partnerships, participate in pilot projects, expand operations and invest in APEC countries' renewable energy markets.”
Groups that will benefit from APEC tariff reductions:
- Manufacturing: Benefit from the lowered tariffs because decreased costs result in increased sales. In addition, since the manufacturers have the ability to sell to all APEC nations, they have the ability to drastically increase their market penetration.
- Retail: Since they have access to the entire APEC supply chain, they are able to purchase renewable energy products at a lower price. This, in turn, enables them to offer a larger variety of products to their end-users, with a corresponding lower price to them. The win-win results translate into higher profit margins for the vendors.
- Consumers: When increased tariffs are imposed, consumers are forced to pay a higher price for renewable energy goods to cover the cost of the government fees produced by the tariff structure. This increases the price not only at the point-of-sale but throughout the entire value chain.
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