India and 17 countries join Russia WTO dispute over EU CBAM
In short
India and 17 other countries, including the US, UK and China, reserved the right to take part in Russia’s WTO dispute with the European Union over its Carbon Border Adjustment Mechanism.
The WTO has agreed to set up a panel to look at Russia’s claim that the EU rule creates trade barriers and breaks WTO rules. It is not yet known how the panel will rule.
What the reporting says
India and 17 other countries reserved third-party rights in Russia’s WTO dispute against the European Union’s Carbon Border Adjustment Mechanism. The Economic Times summary says the WTO Dispute Settlement Body agreed to establish a panel to examine Russia’s claim that CBAM creates trade barriers and breaks WTO rules. The immediate next step is a panel review; the outcome is still unknown.
Why it matters
India and 17 other countries, including the US, UK and China, reserved third-party rights in Russia’s WTO case against the European Union’s Carbon Border Adjustment Mechanism. The WTO Dispute Settlement Body agreed to establish a panel to review Russia’s claim that CBAM creates trade barriers and violates WTO rules. The move keeps those countries involved in the process, but the reporting does not say how the panel will decide.