WAM
31 Dec 2025, 15:58 GMT+10
BRUSSELS, 31st December, 2025 (WAM) -- The European Union will begin implementing the Carbon Border Adjustment Mechanism, CBAM, tomorrow, Thursday, 1st January 2026.
The mechanism is expected to have a limited impact on international trade, particularly as it currently covers less than 5 percent of the European Union's imports of key products such as steel, aluminium, cement and fertilisers. However, its long-term implications could be broader as its scope is set to expand starting in 2028.
According to estimates by the Organisation for Economic Co-operation and Development, the mechanism currently targets only 303 products, representing around 3 percent of the European Union's total imports. The International Monetary Fund has estimated that the share could reach 4.5 percent based on 2021 trade data.
Get a daily dose of Switzerland Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Switzerland Times.
More InformationDUBLIN, Ireland: Ryanair chief executive Michael O'Leary has called Taoiseach Micheál Martin useless and believes he will be ousted...
ROME, Italy: Amazon has shelved its bid to launch drone deliveries in Italy, pulling back from a pilot effort that had shown technical...
DUBLIN, Ireland: Amazon Web Services (AWS) has received planning permission from An Coimisiún Pleanála (ACP) to construct three new...
BRUSSELS, 31st December, 2025 (WAM) -- The European Union will begin implementing the Carbon Border Adjustment Mechanism, CBAM, tomorrow,...
BRUSSELS, 31st December, 2025 (WAM) -- Bulgaria will adopt the euro as its currency from 1st January, marking a significant milestone...
Dhaka [Bangladesh], December 31 (ANI): Bangladesh High Commissioner to India Riaz Hamidullah on Wednesday noted that External Affairs...
PALM BEACH, Florida: While acknowledging that the disputed Donbas region remains a key unresolved issue, U.S. President Donald Trump...
PALM BEACH, Florida: After weeks of legal challenges and political pushback, the White House is preparing to formally outline its plans...
NEW YORK CITY, New York: The customary crystal ball that rises over Times Square in New York City on every New Year's Eve and disperses...
BEIJING, China: The Chinese foreign ministry has imposed sanctions against 10 individuals and 20 U.S. defence firms, including Boeing's...
KUALA LUMPUR, Malaysia: In the most significant trial of the multibillion-dollar 1MDB scandal, Malaysia's influential former prime...
NEW YORK CITY, New York: New York will soon require prominent mental health warnings on social media platforms that use features designed...
