The EU’s trading partners are already wincing at the draft Carbon Border Adjustment Mechanism (CBAM) presented by the European Commission on 14 July (see EUROPE B12762A5). For the French Trade Minister, Franck Riester, it is necessary to take the time to exchange and have “a rich and well-rounded dialogue” with third countries on this mechanism.
“We have to show that this fits well within the framework of the World Trade Organization (WTO), that we want to work in good...