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NEW DELHI: The India-EU summit next week will see both sides announcing in an agreement that negotiations for the free trade agreement (FTA) have been successfully concluded, even though the actual signing will take place later. According to diplomatic sources, apart from the FTA, signing of a security and defence partnership to facilitate defence industrial…
Indian steel and aluminium exports to the European Union will face a carbon-linked cost from January 1, 2026, as the EU’s Carbon Border Adjustment Mechanism (CBAM) moves from the reporting phase to its payment-linked stage, according to a report by the Global Trade Research Initiative (GTRI).Although the CBAM levy will be paid by EU-based importers,…
Indian steel and aluminium exporters face fresh challenges as the European Union (EU) will begin collecting carbon border taxes under the Carbon Border Adjustment Mechanism (CBAM) from 1 January 2026, according to a new report by the Global Trade Research Initiative (GTRI). The levy, notified in May 2023, initially covers steel, aluminium, cement, electricity, hydrogen,…
