Webinar: Understanding CBAM and its Impact on International Trade

Event Details

Subject: Understanding CBAM and its Impact on International Trade
Date: Thursday 19th September 2024
Time: 10.00am-11.00am
Duration: 1 hour
Delivery: Webinar

Carbon Border Adjustment Mechanism (CBAM)
Do you import into the EU? 
On October 1st, 2023, the European Union introduced the Carbon Border Adjustment Mechanism, CBAM. The aim of CBAM is to apply charges for carbon emitted during the production of products outside of the EU.
 Introduced in 2 phases between 2023 through to 2026, the first phase will require reporting for six sectors: Cement, Aluminium, fertiliser, iron and steel, electricity, and hydrogen. Phase two will be introduced in 2026 and will include tariff charges. 
The UK government has advised it will be introducing its own version of CBAM in 2027. Are you aware of the commodity codes affected by the reporting requirements? Could you be falling foul of the new regulations? Join this webinar to understand what CBAM is, how it may affect you now and in the future and what your next steps should be.

Speaker:
Rachel Stockton
International Trade Matters
Rachel has over 25 years of experience covering all areas of customs compliance, importing and exporting regulations and procedures, ensuring clients operate legally and cost-efficiently.

She builds robust internal and external infrastructures from the ground up; addressing complex and often fluctuating regulatory requirements.

During her career, Rachel has exported and imported goods across the world including Asia, USA, Australia, Europe and many other countries covering most types of commodity.

Rachel was engaged by the Institute of Export and International Trade (IOEIT), working as Director of Special Projects. During this time she has worked with numerous UK companies helping them prepare for Brexit by utilising customs special procedures to limit the impact of the regulatory changes and helping reduce the fiscal impact they may face. Working with the IOEIT and Fujitsu Ltd, she assisted in the development and roll-out of the Trader Support Service (TSS) on behalf of HMRC. TSS aids businesses to trade between Great Britain and Northern Ireland.