EU countries agree world’s first carbon tariff
“EU countries want the levy to cover cement, aluminium, fertilisers, electric energy production, iron and steel. The ministers agreed with a sizeable majority on their stance, which envisages greater centralisation of the scheme, including the creation of a new registry for importers at the EU level. The lead lawmaker in the European Parliament has gone even further than this, calling for a CBAM authority at the EU level to prevent importers from shopping around for the best country to import into.”
[Euractiv]
First-ever standards toolkit for paperless trade launched
“The toolkit identifies close to 100 available standards, frameworks and initiatives that offer the potential to enable all parties in global supply chains to speak the same, universal language – regardless of the tools used to automate processes – by leveraging a core set of standardised trade-related document and data formats.”
[International Chamber of Commerce]
No longer business as usual at the WTO
“Indeed, the current crisis may lead the United States and like-minded members to chart a new trade future outside of the WTO framework, not necessarily abandoning the WTO entirely, but creating a new multilateral structure with deeper commitments among countries dedicated to free-market democracy.”
[The National Interest]
ILO welcomes lifting of Cotton Campaign boycott of Uzbekistan
“The boycott was imposed in 2011 because of the use of child and forced labour during the Uzbek cotton harvest. 331 international brands and retailers joined the campaign. The boycott was lifted on 10 March 2022.”
[International Labor Organization]
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