Nicosia, Cyprus. The Cyprus Chamber of Commerce and Industry (Keve) will organise an information seminar in Nicosia on March 19 on the Carbon Border Adjustment Mechanism (CBAM) and its impact on importers. The event will focus on obligations, procedures, compliance and sustainability issues linked to the European Union’s carbon border policy.
Seminar focus and organisers
The event, titled “CBAM in Practice What Importers Need to Know Today”, will examine obligations, procedures, compliance and sustainability issues linked to the European Union’s carbon border policy. It is being organised by Keve in cooperation with Enterprise Europe Network Cyprus, the Department of Environment Cyprus and the Cyprus Customs Department.
Aim and target audience
According to the organisers, the aim is to inform businesses about new European requirements affecting imports from third countries. The seminar is particularly aimed at businesses involved in importing products covered by CBAM regulations.
Time, venue and programme
The seminar will take place between 08.30 and 13.30 at the Keve building in Nicosia, on the first floor of the chamber’s premises. Officials from the Department of Environment and the Customs Department will present the regulatory framework governing CBAM and explain the obligations that apply to importers under the new EU system.
Implementation and compliance
Presentations will address the practical implementation of CBAM through examples of actual imports. Officials will also outline customs procedures and compliance controls linked to the mechanism.
What steps is your business taking to prepare for CBAM obligations on imports from third countries?