https://sputniknews.in/20231107/india-wont-accept-unfair-eu-carbon-tax-indias-trade-minister-5285530.html
India Won't Accept Unfair EU Carbon Tax: India’s Trade Minister
India Won't Accept Unfair EU Carbon Tax: India’s Trade Minister
Sputnik India
India's commerce minister, Piyush Goyal, on Tuesday, said that India is concerned about the European Union's unfair Carbon Border Adjustment Mechanism (CBAM) and is taking up the issue with the EU and WTO.
2023-11-07T19:45+0530
2023-11-07T19:45+0530
2023-11-07T19:45+0530
business & economy
piyush goyal
india
new delhi
european union (eu)
environment
co2 emissions
renewable energy
carbon border adjustment mechanism (cbam)
https://cdn1.img.sputniknews.in/img/07e7/05/10/2000036_0:0:4832:2719_1920x0_80_0_0_0f3cc2df2954ddf838a7a493396f354b.jpg
India's commerce minister, Piyush Goyal, on Tuesday, said that India is concerned about the European Union's unfair Carbon Border Adjustment Mechanism (CBAM) and is taking up the issue with the EU and the World Trade Organisation (WTO).The Minister of Commerce and Industry stated that India would refuse to accept any unjust charges or taxes. Furthermore, India will actively engage and persevere in order to secure a just agreement.EU introduced the CBAM or carbon tax on imports of carbon-intensive products from non-EU countries. Since October this year, it came into effect for seven carbon-intensive sectors, including steel, cement, fertiliser, aluminium and hydrocarbon products, it will fully come into effect from 1 January 2026.
https://sputniknews.in/20231102/eus-carbon-tax-exerts-economic-pressure-on-developing-nations-say-experts-5203140.html
india
new delhi
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2023
Deexa Khanduri
https://cdn1.img.sputniknews.in/img/07e6/0c/13/138923_52:0:533:481_100x100_80_0_0_cadf23d341691fc65ff2b22fd1afe584.jpg
Deexa Khanduri
https://cdn1.img.sputniknews.in/img/07e6/0c/13/138923_52:0:533:481_100x100_80_0_0_cadf23d341691fc65ff2b22fd1afe584.jpg
News
en_IN
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Deexa Khanduri
https://cdn1.img.sputniknews.in/img/07e6/0c/13/138923_52:0:533:481_100x100_80_0_0_cadf23d341691fc65ff2b22fd1afe584.jpg
carbon border adjustment mechanism, cbam, eu carbon tax, carbon tax, what is the purpose of cbam?, who pays cbam tax?, what is the cbam method?, is cbam a tax?, what is cbam cost benefit?, who developed cbam?, who proposed cbam?, how to prepare for cbam? india against cbam
carbon border adjustment mechanism, cbam, eu carbon tax, carbon tax, what is the purpose of cbam?, who pays cbam tax?, what is the cbam method?, is cbam a tax?, what is cbam cost benefit?, who developed cbam?, who proposed cbam?, how to prepare for cbam? india against cbam
India Won't Accept Unfair EU Carbon Tax: India’s Trade Minister
Deexa Khanduri
Sputnik correspondent
Small-scale industries are expressing their dissatisfaction with the carbon border adjustment mechanism (CBAM), as they believe that the tax is imposing significant economic pressure on them.
India's commerce minister, Piyush Goyal, on Tuesday, said that India is concerned about the European Union's unfair Carbon Border Adjustment Mechanism (CBAM) and is taking up the issue with the EU and the World Trade Organisation (WTO).
The Minister of Commerce and Industry stated that India would refuse to accept any unjust charges or taxes. Furthermore,
India will actively engage and persevere in order to secure a just agreement.
"I will assure you that we are extremely concerned about CBAM...We are taking it up with the WTO very seriously. We shall
try to work and fight to get a fair deal for the Indian producers and exporters and nobody is complacent about CBAM," Goyal said while addressing the fourth edition of the Indian Steel Association's annual conclave in
New Delhi.
EU introduced the CBAM or carbon tax on imports of carbon-intensive products from non-EU countries. Since October this year, it came into effect for seven carbon-intensive sectors, including steel, cement, fertiliser,
aluminium and hydrocarbon products, it will fully come into effect from 1 January 2026.
