So-called CBAM (Carbon Border Adjustment Mechanism) goods were exported to the European Union by about 2,400 companies from Serbia last year (by 1,400 of them in the last quarter of 2023). According to the Serbian Chamber of Commerce, not only producers, but also traders or users of these goods were included in these figures.
Primarily they created CBAM as a mechanism to exchange data on embedded emissions between companies, exporters outside the EU and importers based in the EU, and at the moment, there is no publicly available centralized national register of companies that have to abide by the CBAM rules, so the Serbian Chamber of Commerce does not have precise data on how many companies from Serbia sent their CBAM reports to their EU partners, covering the first reporting period (fourth quarter of 2023).
The largest number of companies whose products are subject to the CBAM rules are in the aluminium, iron and steel industries (according to preliminary estimates, more than 95 percent) is reported by the Serbian Chamber of Commerce data.
A lot of challenges will be encountered by small and medium-sized companies from the metal-processing sector due to the lack of resources and the level of preparedness, whether by those which directly export the final product to the EU or by those the product of which is one of the products including in the supply chain of the final product exported by another company.
The EU’s tool to put a fair price on the carbon emitted during the production of carbon-intensive goods that are entering the EU and to encourage cleaner industrial production in non-EU countries is the Carbon Border Adjustment Mechanism. Only imports of cement, iron and steel, aluminium, fertilisers, electricity and hydrogen will be concerned by it during its transitional phase.
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.
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