Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

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Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

07 JULY 2023 AL CIRCLE

Thailand anticipates export of aluminium products to South Korea may grow by 2% in 2023

EDITED BY : SARNALI CHAKRABORTY 2MINS READ

Thailand anticipates a 2 per cent growth in exports to South Korea this year to US$6.52 billion, aided partly by a tighter commercial engagement via a so-called mini-free trade agreement (mini-FTA) with the South Korean provinces of Gyeonggi and Pusan. Aluminium products, sugar, oil, rubber goods, electrical circuits, and food and beverage items are among the targeted export categories, according to Commerce Minister Jurin Laksanawisit.

Thailand's exports to South Korea closed at $6.39 billion in 2022, making South Korea the nation's 12th biggest trade partner. Thailand inked its first Memorandum of Understanding (MoU) in July last year to construct a mini-FTA with Busan, South Korea's second-largest city after Seoul. A similar agreement was reached by the nation and Gyeonggi province in September 2022.

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"Thailand and Korea have had a relationship for 65 years, encompassing the economy, society and culture. Korean soft power is particularly popular worldwide, including in Thailand. The trade value between the two countries in 2022 reached $16.5 billion or over 570 billion baht, representing a 4.5% increase. It is expected that this year will also show a positive growth trend," said Mr Juirn, who presided over the opening ceremony of the G-Fair Korean 2nd Asean+ 2023 Korea Sourcing Fair in Bangkok.

Gyeonggi has the greatest GDP growth rate in South Korea, with a population of over 13.9 million people. Because of its outstanding IT development and technological promotion, the city has also been nicknamed South Korea'sKorea's Silicon Valley.

Gyeonggi province in South Korea arranged the event in Bangkok with Gyeonggido Business & Science Accelerator (GBSA) and Gyeonggi Business Centre (GBC). Thailand has mini-free trade agreements with seven cities: Hainan, China, Kofu, Japan, Telangana, India, Gansu, China, Busan and Gyeonggi, South Korea, and Shenzhen, China. Thailand is set to sign a similar agreement with Yunnan Province in southwest China in August, followed by agreements with five Indian states. Other prospective FTAs include agreements with cities in England and Pakistan.

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