Key Points
Officials said that the two sides have established a work stream under the India-EU TTC wherein issues have been clubbed under five broad areasmarket access, World Trade Organization, FDI, CBAM and global value chains..
India and the EU have identified five areas including Carbon Border Adjustment Mechanism (CBAM) and foreign direct investment that would be discussed in their bilateral Trade and Technology Council...
We have established a work stream under the TTC and issues have been clubbed under five broad areas to help address them in a focused manner, said an official...
India has told the WTO that carbon border measures are being selectively applied to trade-exposed industries such as steel, aluminium, chemicals, plastics, polymers, chemicals and fertilisers, which reflects the underlying competitiveness concerns driving such measures...
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