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The Asia-Pacific Economic Cooperation recently reached a historic tariff reduction agreement on renewable energy items. Tariffs between APEC member states will be reduced to 5% or lower by the end of 2015 on listed renewable energy items. 54 items 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. Tariff reductions will first affect the renewable energy market and will include manufacturers, vendors and customers. All three groups will benefit from lowered prices, increased supply and enhanced innovation. In addition, the nation states, and the APEC region as a whole, will benefit from increased economies by way of additional jobs, increased investment, and increased growth. By evaluating the effects of other tariff reduction agreements, such as those achieved through NAFTA and other APEC agreements, predictions regarding the outcome of the tariff reduction can be made.