News and analysis on trade policy in Europe
Saturday, July 24, 2021
As the dust settles on the Commission’s raft of climate proposals released last week (14 July), commentators and experts are now beginning to analyse them in depth and, in the case of the carbon border adjustment measure at least, assess its compatibility with the World Trade Organization rule-book and the …
Canada is preparing to introduce a carbon border adjustment measure whose contours are not yet known. Canada and the European Union vowed at a bilateral summit mid-June to “exchange on respective approaches to carbon pricing and WTO-compatible border carbon adjustments”. A think tank is now making concrete proposals on how …
The European Commission says its proposed Carbon Border Adjustment Mechanism complies with the World Trade Organization rule-book. The proposed regulation obliges EU importers of cement, electricity, fertilisers, iron & steel, and aluminium from third countries to purchase annual emission allowances. Their cost will depend on the degree of emissions embedded …
James Bacchus spoke with Rob Francis about the European Union’s carbon border adjustment mechanism, trade in medicines and medical products, how the Biden Administration is progressing on trade policy – and the World Trade Organization in all this.
Legal analysis commissioned by Aegis Europe, an industry alliance incorporating more than 20 European manufacturing associations , argues that continuing free CO2-emitting allowances within the EU’s emissions trading scheme and a carbon border adjustment mechanism are compatible with World Trade Organization rules. The studies carried out by to law firms …
Brussels and Ankara are sitting down for two days on Thursday and Friday (8 & 9 July) for the annual meeting of their 1995 EU Turkey customs union joint committee. Among others, they will re-start a conversation on modernising their trade arrangements.
July 2021 is the month everyone has been waiting for: the EU will officially unveil its carbon border adjustment mechanism. Draft plans were leaked already – now the Big Brussels Lobbying can begin. Also, to round of this intense week in trade policy, some fresh data on EU COVID-19 vaccine …
The European Commission is planning to oblige EU importers of cement, electricity, fertilisers, iron, steel, and aluminium from third countries to purchase annual emission allowances, the cost of which will depend on the degree of emissions embedded in the final product.
The European Union and Japan held a bilateral summit on Thursday (27 May 2021), which ostensibly aimed to give new impetus to an already rich and diverse economic and political relationship.
For the EU’s ambitious climate policy to be successful, the EU must join forces with as many international partners as possible in a climate club. In this club members agree on a minimum price for CO2 emissions, trade freely amongst themselves, but apply a carbon border adjustment mechanism – or …
