UK Carbon Tax Casts Shadow On India's Exports

Exports worth $775 million are in the crosshairs as the UK unveils CBAM, which is likely to pose a new set of challenges and opportunities in global trade dynamics

By Outlook Planet Desk 19/12/2023

We Will See How We Can Convert CBAM To Our Advantage: Piyush Goyal

According to a Global Trade Research Initiative (GTRI) report, CBAM will translate into a 20–35 percent tax on select imports into the EU, starting January 1, 2026

By PTI 08/12/2023

India Should Use Calibrated Retaliatory Measures To Deal With EU's Carbon Tax: GTRI

The imposition of carbon tax is expected to disrupt global supply chains, increase trade costs, render free trade agreements meaningless, and impose a significant compliance burden on businesses

By PTI 22/09/2023

Use Of Green Energy To Help Industry Deal With EU's Carbon Tax: Goyal

The EU is introducing the CBAM from October 1 this year. CBAM will translate into a 20-35 per cent tax on select imports into the EU starting January 1, 2026

By PTI 14/09/2023

Inter-Ministerial Group To Investigate Impact Of EU's Carbon Tax On Indian Exports

The group is mulling over strategies to mitigate its impact and ways of enabling the industry to adapt

By Outlook Planet Desk 16/05/2023

India To Request EU To Exempt MSMEs From Carbon Tax

Starting in October, domestic companies in seven carbon-intensive industries—including steel, cement, fertiliser, aluminium, and hydrocarbon products—must submit applications to the EU authorities for compliance certifications.

By Outlook Planet Desk 10/05/2023

India To Ask EU To Recognise Its Carbon Credits System

A significant meeting on CBAM, which will be attended by top officials from the ministries of finance, commerce and industry, steel, MSME, and industry leaders, is likely to be held soon

By Outlook Planet Desk 08/05/2023

Experts: Exports from India and Least Developed Countries Will Be Affected by the EU's Carbon Tax

Global Trade Research Initiative (GTRI) report claims that, as of January 1, 2026, CBAM will result in a 20–35% levy on a number of imports into the EU.

By Outlook Planet Desk 06/04/2023