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India will address EU's carbon tax issue; will retaliate if required: Piyush Goyal
Commerce and industry minister Piyush Goyal stated that India will address the issue of the European Union's plan to impose a carbon tax on certain imported goods. He mentioned the Carbon Border Adjustment Mechanism (CBAM) or carbon tax and the need for domestic companies from seven carbon-intensive sectors to share data on carbon emissions with the EU. A Global Trade Research Initiative report highlighted the impact of CBAM on India's exports to the EU, while Goyal emphasized India's ability to find solutions and retaliate if necessary.
Commerce and industry minister Piyush Goyal stated that India will address the issue of the European Union's plan to impose a carbon tax on certain imported goods. He mentioned the Carbon Border Adjustment Mechanism (CBAM) or carbon tax and the need for domestic companies from seven carbon-intensive sectors to share data on carbon emissions with the EU. A Global Trade Research Initiative report highlighted the impact of CBAM on India's exports to the EU, while Goyal emphasized India's ability to find solutions and retaliate if necessary. 
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