Even if theoretically sound, the EU’s carbon border adjustment mechanism (CBAM) proposal will likely face significant implementation obstacles. Political resistance from trading partners is already rising, and there are potential legal challenges at the WTO. Correspondingly, it is important for ASEAN and other EU trading partners to deepen their understanding of the CBAM proposal and to generate improvements and possible alternatives.
Source: www.hinrichfoundation.com
Latest Posts in "European Union"
- CJEU Ruling: VAT Treatment of Transfer Pricing Adjustments Between EU Member State Companies
- CJEU Rules Intra-Group Payments Under Transactional Net Margin Method Subject to VAT
- European Commission launches three new CBAM Calls for Evidence
- Comments on ECJ C-726/23 (Arcomet) – VAT Applies to Transfer Pricing Adjustments, Clarifying Deduction Requirements
- EU Sugar Taxes: Diverse Approaches to Reducing Sugary Drink Consumption Across Member States