New Delhi, May 17 (PTI) Commerce and industry minister Piyush Goyal has said that India is engaged with the European Union on the EU’s decision to impose carbon tax on certain imported goods and expressed hope that the intention is not to create trade barriers.
Addressing the media on Tuesday after the first India-EU Trade and Technology Council meeting in Brussels, he also said India has to keep its customs duties high on many products at times to compete with certain geographies which are “very non-transparent” and the developed countries face the “unintended consequence of the high tariffs”.
Goyal said that the CBAM (carbon border adjustment mechanism) is the mechanism that the EU has proposed and India remains engaged with the EU on that.
