China Warns EU Carbon Border Tax May Violate WTO Rules

China urges the EU to ensure its proposed carbon border tax complies with WTO rules and does not overstep agreed global green trade policies.
China has concerns about the EU's Carbon Border Adjustment Mechanism (CBAM) and says it has raised doubts among many WTO members.
China says countries should adhere to multilateralism and the principle of common but differentiated responsibilities when addressing climate change.
The EU approved a plan in April to impose a levy on high-carbon imports starting in 2026.
The EU says the CBAM is carefully designed to be compatible with WTO rules, but China exports commodities like steel and cement that would be affected.

reuters.com

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Posted 9/14/2023, 10:56:00 AM

China Warns EU Carbon Border Tax May Violate WTO Rules

China urges the EU to ensure its proposed carbon border tax complies with WTO rules and does not overstep agreed global green trade policies.
China has concerns about the EU's Carbon Border Adjustment Mechanism (CBAM) and says it has raised doubts among many WTO members.
China says countries should adhere to multilateralism and the principle of common but differentiated responsibilities when addressing climate change.
The EU approved a plan in April to impose a levy on high-carbon imports starting in 2026.
The EU says the CBAM is carefully designed to be compatible with WTO rules, but China exports commodities like steel and cement that would be affected.

reuters.com

Relevant topic timeline:

9/14/2023

EU Launches Probe into China EV Subsidies, Risking Backlash from Beijing

9/14/2023

EU Launches Anti-Subsidy Probe into Chinese EVs, Drawing Warnings from China about Potential Damage to Trade Ties

China has warned that the EU Commission's investigation into Chinese electric vehicles may harm trade relations and increase prices for European car buyers.

9/20/2023

EU Says New Tariffs on Chinese EVs 'Very Far' Away Despite Ongoing Subsidy Probe

The European Union is unlikely to impose new tariffs on Chinese electric cars as the anti-subsidy probe must be conducted properly, according to a European Commission official.

10/1/2023

EU Begins Carbon Border Tax Trial Amid Concerns Over Impact

10/1/2023

EU Carbon Border Tax Kicks In, Indian Exporters Brace for Impact

The European Union's carbon border adjustment mechanism (CBAM) is now applicable to certain exports, causing concerns for small businesses regarding disruptions in the trade of industrial goods.