The government took a critical step: an exception for CBAM was included in the European integration action plan
This will preserve the competitiveness of Ukrainian exporters on the EU market during the extremely difficult wartime period, the European Business Association (EBA) says.
The business will have time to resume production, implement innovations and adapt to decarbonization standards. And Ukraine is a stronger economy.
According to the estimates of the Federation of Employers of Ukraine, the implementation of SVAM without delay may cost Ukraine $8.7 billion in GDP losses, and up to $3.6 billion in uncollected taxes and social benefits.
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