Europe's carbon border tax poses fresh challenge for Indian exporters amid FTA talks: FICCI
New Delhi, May 19 -- Europe's evolving carbon-related trade measures, especially the Carbon Border Adjustment Mechanism (CBAM), are emerging as a key concern for Indian exporters as the country advances free trade agreement negotiations with European partners, the Federation of Indian Chambers of Commerce and Industry (FICCI) on Tuesday.
Addressing a conference on next-generation trade pacts organised by the Industry body, Secretary General of FICCI, Anant Swarup, said India's exports to Europe are facing both opportunity and pressure as the region tightens regulatory requirements.
Speakers also said while India's trade agreements with Europe offer major opportunities, exporters will need to navigate stricter sustainability and complian...
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