EU Relations
Egypt advances efforts to align with EU carbon border mechanism
Mohamed El-Shimy, Minister of Public Enterprises Sector, held an extensive meeting on Saturday to review state-affiliated companies' efforts to align with the European Union’s Carbon Border Adjustment Mechanism (CBAM). The mechanism aims to reduce industrial greenhouse gas emissions while safeguarding Egyptian export competitiveness in European markets. El-Shimy emphasized its impact on high-emission industries such as aluminium, fertilisers, and cement.