Pollution
India will support steel imports that are affected by Europe's carbon taxes, says the federal secretary
The carbon tax and import quotas of the European Union will continue to impact India's steel exports. However, the government is taking steps to support the sector. These comments follow a trade deal signed by India and the European Union, which reduced tariffs in several sectors, but kept?the Carbon Border Adjustment mechanism, or border tax on carbon, intact. Indian steel mills export roughly two-thirds of their total output to?Europe. Exports will remain a challenge with the CBAM of the European Union, tariffs and quotas?and other challenges. We must take action," said Sandeep Poundrik, Steel Secretary, at a government function in...