Critical Raw Materials Act and CBAM transitional period default values

Dear Member,
With reference to the letter sent to our Chamber by TOBB, the letters forwarded to our Union by the Ministry of Trade provide information on the Critical Raw Materials Act and the CBAM Transitional Period Default Values.

The draft Critical Raw Materials Act aims for at least 10% of the EU's annual consumption of the said raw materials to be produced in the EU, at least 40% to be processed in the EU and at least 25% to be obtained from recycling, and for no more than 65% of the consumption of each strategic raw material to be supplied from a single third country.

Under the Carbon Border Adjustment Mechanism (CBAM), it is announced that a guide has been published on the default values that can be used to determine the emissions embedded in imported products during the transitional period covering 1 October 2023 to 31 December 2025.

Annex: Critical Raw Materials Act and CBAM transitional period default values

Kind regards,
Elazığ Chamber of Commerce and Industry