Exports worth $775 million are in the crosshairs as the UK unveils CBAM, which is likely to pose a new set of challenges and opportunities in global trade dynamics
By Outlook Planet Desk 19/12/2023
According to a Global Trade Research Initiative (GTRI) report, CBAM will translate into a 20–35 percent tax on select imports into the EU, starting January 1, 2026
By PTI 08/12/2023
The imposition of carbon tax is expected to disrupt global supply chains, increase trade costs, render free trade agreements meaningless, and impose a significant compliance burden on businesses
By PTI 22/09/2023
The EU is introducing the CBAM from October 1 this year. CBAM will translate into a 20-35 per cent tax on select imports into the EU starting January 1, 2026
By PTI 14/09/2023
The group is mulling over strategies to mitigate its impact and ways of enabling the industry to adapt
By Outlook Planet Desk 16/05/2023
Starting in October, domestic companies in seven carbon-intensive industries—including steel, cement, fertiliser, aluminium, and hydrocarbon products—must submit applications to the EU authorities for compliance certifications.
By Outlook Planet Desk 10/05/2023
A significant meeting on CBAM, which will be attended by top officials from the ministries of finance, commerce and industry, steel, MSME, and industry leaders, is likely to be held soon
By Outlook Planet Desk 08/05/2023
Global Trade Research Initiative (GTRI) report claims that, as of January 1, 2026, CBAM will result in a 20–35% levy on a number of imports into the EU.
By Outlook Planet Desk 06/04/2023