Thursday, December 1, 2022

Lawsuits are looming over climate tariffs

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The environmental tariffs run the risk of violating central principles of the World Trade Organization WTO, quoted the “Süddeutsche Zeitung” (Tuesday edition) from the report of the Austrian WU Institute for Law and Governance and the ÖFSE Foundation for International Development.

“It is very likely that there will be proceedings,” said Bernhard Tröster from the ÖFSE Foundation of the newspaper. “The United States is probably suing.” In the report, the lawyers argue, among other things, that elements of the EU climate tariff “could potentially lead to discrimination against foreign goods”. This is prohibited under the WTO principle of most-favoured-nation treatment.

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