trade in renewable energy products was also sensitive to tariff reduction at the per cent level it is possible that these two categories comprise hightechnology products most of which tend to be imported by developing countries thus the initial list of egs could be further narrowed to include only these subitems for the initial round of liberalization it should however be noted that the elasticity of these products with respect to tariffs is low with a tariff reduction of per cent leading to only a per cent increase in trade