{"id":82400,"date":"2024-02-14T00:00:00","date_gmt":"2024-02-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/02\/14\/egypt-explores-implementing-cbam-measures-for-exports\/"},"modified":"2024-02-14T00:00:00","modified_gmt":"2024-02-14T00:00:00","slug":"egypt-explores-implementing-cbam-measures-for-exports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/02\/14\/egypt-explores-implementing-cbam-measures-for-exports\/","title":{"rendered":"Egypt explores implementing CBAM measures for exports"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt<\/strong><strong>, EU discuss CBAM:<\/strong> Egypt's Environment Minister Yasmine Fouad met with Director General of the Tax and Customs Committee of the European Commission Thomas Gerassimos to discuss cooperation in implementing the EU\u2019s <a target=\"_blank\" href=\"https:\/\/taxation-customs.ec.europa.eu\/carbon-border-adjustment-mechanism_en\" style=\"\" rel=\"noopener\">carbon border adjustment mechanism<\/a> (CBAM) in Egypt, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid036GmGzAeTeVQayNhNcQx55MfMzKmFtxXjTCYTzJqgBvX25Hi1xgLTu1Rrt9eAMFFzl\" style=\"\" rel=\"noopener\">statement<\/a>. The two sides discussed integrating Egyptian policies with CBAM rules and the implications on the Egyptian industrial sector, especially in cement, aluminum, and fertilizers. Public Enterprise Minister Mahmoud Esmat and Transport Minister Kamel Al-Wazir also met with the European Commission delegation later in the day, to discuss the new conditions and taxes that will be applied on Egyptian exports to the EU starting 2026, a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02maCUMUNe1YDDX8hvEas7dCTCrRWjeaXEMv3df5NuDdC7rJZH52GL4EoERqmJLDWyl\" style=\"\" rel=\"noopener\">statement<\/a> said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Egypt is already preparing for EU exports: <\/strong>Egypt\u2019s Export and Import Control Authority has set up a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/de85501c-7d60-4090-8cf6-93d25335513c\" style=\"\" rel=\"noopener\">lab to measure carbon emissions<\/a> from the biodegradation of various exported products, the launch of which was revealed at a meeting to discuss the impacts of the CBAM on Egyptian exports to the EU.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tax will affect the cement, aluminum, and fertilizers sectors.<\/p>\n","protected":false},"author":1,"featured_media":82401,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62],"tags":[318,61,40,11,317],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-diplomacy","tag-carbon-emissions","tag-climate-diplomacy","tag-egypt","tag-enterpriseclimate","tag-european-union","wpautop","entry"],"acf":{"mongo_id":"30883e8d-4c38-45e2-be36-648204f4f163","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1364.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt explores implementing CBAM measures for exports","related_issue":[82388],"teaser":"The tax will affect the cement, aluminum, and fertilizers sectors.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.7e31e8ac-7f99-4a6f-905d-062fae3ddea8.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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