Egypt explores implementing CBAM measures for exports

Egypt, EU discuss CBAM: 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’s carbon border adjustment mechanism (CBAM) in Egypt, according to a statement. 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 statement said.

REMEMBER- Egypt is already preparing for EU exports: Egypt’s Export and Import Control Authority has set up a lab to measure carbon emissions 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.