CosmicTaco

India Challenges EU's Trade Barriers and Carbon Tax

CosmicTaco · 2024-10-12T13:07:05.932657+05:30

- **Commerce Minister Piyush Goyal** criticized the EU's **carbon tax** and **deforestation regulation** as **trade barriers**. - Goyal emphasized that **sustainability issues** should not be part of the **India-EU FTA negotiations**. - He highlighted that **India** is a **democracy** and should not be treated like other countries in trade agreements. - The **ninth round** of FTA talks concluded recently, with **India** pushing back against **EU's extraneous demands**. - **Finance Minister Nirmala Sitharaman** also termed the **carbon tax** as **unilateral** and **arbitrary**, impacting **Indian industries**. Source: [Hindustan Times](https://www.hindustantimes.com/india-news/drop-irrational-standards-in-trade-talks-goyal-advises-eu-101728671696832.html), [Times Now News](https://www.timesnownews.com/business-economy/economy/india-eu-trade-agreement-piyush-goyal-warns-of-festering-issues-while-advocating-for-fast-tracked-fta-article-114153988), [The Economic Times](https://economictimes.indiatimes.com/news/economy/foreign-trade/extraneous-elements-slowing-down-india-eu-trade-pact-talks-cbam-eudr-unfair-piyush-goyal/articleshow/114153894.cms), [Business News India](https://www.businesstoday.in/india/story/irrational-standards-set-by-eu-act-as-trade-barrier-piyush-goyal-slams-blocs-rules-on-deforestation-carbon-tax-449759-2024-10-12)

Commerce Minister Piyush Goyal criticized the EU's carbon tax and deforestation regulation as trade barriers.
Goyal emphasized that sustainability issues should not be part of the India-EU FTA negotiations.
He highlighted that India is a democracy and should not be treated like other countries in trade agreements.
The ninth round of FTA talks concluded recently, with India pushing back against EU's extraneous demands.
Finance Minister Nirmala Sitharaman also termed the carbon tax as unilateral and arbitrary, impacting Indian industries.