In order not to drive the economy to a deadlock, the government has to agree on the Swam’s delay – the media

Photo ua.depositphotos.comInitially, the CBAM eustop was only an EU internal initiative, but subsequently its impact spread to other countries through the introduction of additional duties on goods from countries with lower environmental standards. The introduction of this duty poses a serious threat to Ukraine, so the government should send an official appeal to the European Commission to delay CBAM because of the war, Ecopolitics writes.

“Currently, labeled resources are limited in Ukraine because the lion’s part of funds is directed to defense. The state is also faced with the increase in logistics and energy costs, and has lost its economic attractiveness to external investors. These factors directly affect the slowdown.

“Stopping exports of goods subject to CBAM standards will reduce investments in Ukrainian enterprises, and it will also be necessary to look for new markets for goods. However, it should not be forgotten that stopping Ukrainian exports will also hit the EU business environment. The European Commission on CBAM delaying in a critical state – this will not allow the economy to a deadlock and give businesses to adapt, to preserve competitiveness, “the publication summarized.

It is known that before the full launch of the European CBAM duty is a little less than a year. And if Ukraine does not receive a deferral, in the next couple of years, according to the Federation of Employers, it will lose $ 4.7 billion exports and $ 2.7 billion investments. Also, according to analytical centers, we can lose 6.4% of GDP by 2030, and more than 116 thousand jobs.

The Ukrainian authorities have already started negotiations on delaying this duty for Ukraine, but there are no results yet. Businesses and experts urge the government to speed up negotiations – because our country is definitely entitled to defer under EU law.