SOURCES ( News24, REUTERS ) –
The European Union should ensure its plans to impose 20% to 35% tariffs on imports of high-carbon goods like steel, iron ore and cement comply with World Trade Organization rules, China said on Thursday, and not overstep agreed global green trade policies.
China is one of several countries to have aired concerns within the WTO over the EU’s Carbon Border Adjustment Mechanism (CBAM) designed to prevent European industry being undercut by cheaper goods from countries with weaker environmental rules.
“The EU-proposed carbon border adjustment mechanism has raised doubts among many WTO members,” said He Yadong, a commerce ministry spokesperson, while urging the EU to “avoid creating protectionist measures and green trade barriers.”
