Category: Trade

Coal power plant

BRICS summit is likely to strongly oppose carbon tax proposed by EU

Brazil, Russia, India, China and South Africa may strongly oppose the proposed Carbon Border Adjustment Mechanism (CBAM) by the European Union at the 13th BRICS Summit on Thursday as the five developing countries will likely be the biggest losers from its implementation. In a veiled reference to CBAM, BRICS trade ministers last week cautioned that any measure to tackle climate change must be in conformity with multilateral trading rules and shouldn’t put arbitrary restrictions on international trade.

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Potentials of Blue Economy in Bangladesh

Bangladesh has immense potential to utilize the Blue Economy concept for the betterment of its economy. To attain the expected goal different stakeholders should work together. Some recommendations can be drawn below for the useful implementation of the Blue Economy concept in our country.

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Can WTO stop fishing subsidies and protect our marine environment?

Every year, governments pay billions of dollars to their fishing industries to carry on fishing even though stocks are seriously depleted. The Geneva-based World Trade Organisation (WTO) is holding a ministerial conference on July 15 to seek an agreement on banning harmful fisheries subsidies, a main factor in overfishing.

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