(Teleborsa) – “EU duties on raw aluminum imports have weighed on European downstream companies for years, causing an additional cost of over 1 billion a year. To this will be added the estimated cost by Face of the Carbon Border Adjustment Mechanism (CBAM) of around 5 billion euros per year. Thus European companies will find themselves paying for raw aluminum to be imported into Europe with a total additional cost of 7 billion euros per year. A very serious threat to the system ”. This is what he says Mario Conserva, general secretary of the European Aluminum Consumers Federation (Face), during Special Face Meeting which was held today in Brescia.
Face’s estimate shows how much these heavy taxes continue to weigh on the entire downstream European aluminum industry which, Conserva recalls, “is made up of SMEs that represent 92% of the workforce in the sector, which have more than 200 thousand employees and, indirectly, about 1 million jobs and therefore it is necessary to support, help in competitiveness and not destroy “.
“The objectives of Face and the Cbam proposal of the EU coincide: leveling the playing field for EU industries and encouraging the zero-carbon economy. But – he continues Preserve – we are concerned that if the proposed CBAM does not take into account the particularities of the EU aluminum sector, it could become a harmful measure. However, it is sui import duties on raw aluminum that we cannot compromise: there is a need for the European institutions to suspend the tariff structure at 0% on all raw aluminum imported from the EU, only in this way can we favor the entire downstream system. The total suspension of import duties on raw aluminum, in fact, would support the open strategic autonomy of the EU in the aluminum sector, whose future depends essentially on its downstream segment, and would strengthen the contribution of the industry to the Green Deal helping EU SMEs, responsible from an environmental point of view, to develop and better resist fierce and often unfair and high-carbon international competition ”.