International Carbon Tax Plan, Trade Minister Will Bring to WTO

Minister of Trade Muhammad Lutfi said the implementation of the carbon tax between countries is a strategy for developed countries to balance production prices in developing countries. According to him, this has the potential to become a new trade barrier.

Moreover, the plan was carried out unilaterally. “I think this is something bad for world trade. This is not a good thing," he said. Meanwhile, the Indonesian government and developing countries are studying the carbon tax plan. He also emphasized that he would take the issue to multilateral forums and the WTO. “Several countries that are working on a carbon tax policy have reasoned that the goal of this policy is to achieve a carbon neutral 2050 commitment, but it cannot be done immediately. Developing countries have different capabilities," he added. According to him, the policy has the potential to target various products. He is also still waiting for the results of discussions in the European Union and the United States to immediately draw up an anticipatory strategy. Similarly, Indonesia's Core Economist Mohammad Faisal said that this unilateral policy could be detrimental to developing countries. Therefore, he said that developing countries must be one voice in facing the plan to implement a carbon tax on imported products that several countries are starting to try.

|•SOURCE•| Articles :BISNIS | Image :KLIK PAJAK |

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