This episode is talking about “CBAM vs. International Trade”. After a three-month deadline extension, the EU’s CBAM (Carbon Border Adjustment Mechanism) is just about to complete its first quarterly reporting of the transitional period. As CBAM’s full implementation is scheduled for January 1st 2026, Mr. Terazawa believe it is time to assess its potential impact on international trade and to adopt necessary measures needed to address any negative impacts.