Top government officials, industry leaders likely to meet on May 4 to discuss EU's carbon tax
Top officials from India's finance, commerce, and steel ministries, along with industry leaders, are scheduled to meet on May 4 to discuss the European Union's carbon border adjustment mechanism (CBAM). The CBAM is causing concern for India as it may have a negative impact on the country's metal exports to the EU. The EU's new mechanism, which will impose a 20-35% tax on select imports, including iron, steel, and aluminium, will start from January 1, 2026.
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