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Yep, and that's before you consider all the EU carbon reduction targets, etc. So, we buy stuff cheaper from people who emit as much carbon as they please.. Because that won't affect our environment, will it? 
Yes, if it were not so bloody frustrating and wrong-headed, it would be eloquence in itself.
Looking at the absurd situation, now becoming evident to the masses, can we consider this to result from the laws of unintended consequence - or is there a more sinister determination behind many of these rules emanating from Europe?
One would hope that the earnest desire of the enlightened few to ‘make the “First World” polluter pay’ isn’t being acted upon to such an extent that the inevitable result will be a forced realignment of the manufacturing powerbase to those countries previously not industrialised to the same extent and also considered, by the hair-shirt brigade, to have been disadvantaged by the ‘West’s previously dominant position in manufacturing.