The exchange of views among EU Finance Ministers on the Carbon Border Adjustment Mechanism (CBAM) and the package on market integration and supervision is at the centre of the Economic and Financial Affairs Council (ECOFIN) meeting taking place on Friday in Luxembourg under the Cyprus EU Presidency.
Speaking upon his arrival at the meeting, Finance Minister Makis Keravnos, who is chairing ECOFIN for the last time under the Cyprus Presidency, said that Ministers would seek to reach a conclusion on the CBAM, while continuing discussions on the package concerning the integration and supervision of European markets.
The Minister also reviewed the achievements of the six-month Cyprus Presidency, noting that an agreement had been concluded on the pound 90 billion financing package for Ukraine, as well as on customs reform. He added that significant progress had also been made in discussions on the capital markets package.
According to the Minister, these results reflect the motto of the Cyprus Presidency: a European Union that is more strategically autonomous while remaining open to the world.