Banking service chronicle published this article page no 2 this article was published in december market distortion basic countries opposed this carbon border taxes as it could result in market distortion besides aggravating the already widened trust deficit amongst parties. other concerns potential economic risks to the global south developing countries may struggle to decarbonise fast enough to remain competitive in the global market. Banking service chronicle magazine other developed economies may follow suit of carbon border tax and in the short run this will be harmful to industries in developing countries Banking service chronicle magazine subscription.
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