The EU is on a path towards becoming a carbon-neutral continent by 2050. Consequently, the Carbon Border Adjustment Mechanism (CBAM) has become an irreversible "game changer"!
- Specifically, from October 1, 2023, CBAM will be implemented as a pilot scheme for the transitional phase, with full implementation expected by 2026.
- According to Eurostat, Vietnamese enterprises are the largest trading partners of the EU within ASEAN, ranking 11th among the largest goods suppliers to the EU. Therefore, to gain a competitive edge, businesses must participate in the "Green Race" and comply with the stringent requirements of the import market.
So, is the CBAM mechanism an opportunity or a challenge?
Opportunities | Challenges |
|
|