EU proposes to impose 20% to 35% tariffs on imports of high-carbon goods like steel, iron ore and cement from India. Read more at straitstimes.com.
NEW DELHI - Indian plans to file a complaint to the World Trade Organisation over the European Union’s proposallike steel, iron ore and cement from India, top government and industry sources said.
EU trade chief Valdis Dombrovskis said the European Commission had designed CBAM carefully so that it was compatible with WTO rules, applying the same carbon price on imported goods as on domestic EU producers. The government was planning to file a complaint to the WTO against the EU’s unilateral decision and would seek relief for exporters, particularly small companies, the official said without disclosing further details.
“Sectors like steel and small manufacturers need more time to meet EU guidelines,” said Ajay Sahai, director-general, Federation of Indian Export Organisations, adding they will ultimately need to cut emissions to remain globally competitive.
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