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US Chamber of Commerce commits to working with European Commission on Fit for 55, emphasis on proposed carbon border adjustment mechanism

( July 14, 2021, 15:36 GMT | Official Statement) -- MLex Summary: The US Chamber of Commerce, an American business lobbying group, has issued a statement saying that it is committed to working with the US and the EU on the European Commission's Fit for 55 package. "We are reviewing in particular the proposed carbon border adjustment mechanism (CBAM) included in the package," said Marjorie Chorlins, the US Chamber of Commerce Senior Vice President for European Affairs. "Free and fair trade is a bedrock principle... and designing border adjustments to limit carbon leakage in a manner consistent with WTO obligations is a major challenge."Statement follows below:...

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