Customs Summer Update
As many people who work in international trade know, one of the hardest tasks in any exporting role is keeping up with the number of acronyms used in day-to-day trade! In this Business West summer update, I focus on three relatively new terms affecting exporters. CBAM One of the biggest changes to policy in recent years has been the introduction of the Carbon Border Adjustment Mechanism (CBAM), which will replace the Emissions Trading Scheme (ETS). The six sectors which are currently affected are: