CBAM
German businesses now see India as manufacturing, R&D and innovation hub: Piyush Goyal
German companies are increasingly viewing India as a strategic manufacturing and innovation hub for the future. During a recent visit, Commerce and Industry Minister Piyush Goyal engaged with major firms about expanding cooperation. The India-EU free trade agreement is set to strengthen trade ties significantly later this year. Indian capabilities in research and development are attracting substantial German investment and workforce expansion.
India to remain strict on quality: Industry minister Piyush Goyal
India's Commerce Minister Piyush Goyal emphasised a strict stance on quality and environmental regulations. He noted that many companies are eager to invest in India across various sectors. Goyal mentioned India's advantages in decarbonisation amidst competition from Europe’s carbon border adjustment mechanism. Discussions on free trade agreements indicate significant potential for job creation in India.
Piyush Goyal roasts Europe on climate change: Watch Union Minister’s ‘epic’ reply to EU in Germany that’s going viral
Watch Piyush Goyal questioning European countries over climate finance commitments at the Berlin Global Dialogue in Germany. The Union Commerce Minister highlighted historical carbon emissions, India's development needs and the $100 billion climate finance pledge while raising concerns about the EU's carbon border tax.
Goyal reminds developed countries of $100 bln climate finance pledge, says 'haven't seen nickel or dime of that'
Union Minister Piyush Goyal addressed the Berlin Global Dialogue, criticizing developed nations for unmet climate finance commitments. He highlighted the disparity in carbon emissions between developed countries and India. Goyal pointed out the failure of developed nations to support climate initiatives in vulnerable regions. India, representing a large population, is still committed to a rapid green energy transition.
Berlin Global Dialogue: EU inviting disaster through carbon tax, says Piyush Goyal
Piyush Goyal expressed concerns over the EU's carbon tax and numerous regulations impacting their steel industry. He warned that these measures could lead to increased costs and decreased competitiveness for EU businesses. Goyal highlighted that the high import duties and standards could harm the economy and raise the cost of living. He mentioned the reciprocal nature of trade regulations in response to the EU's actions.
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EU carbon tax: Piyush Goyal asks Europe not to 'invite disaster' or 'shoot themselves in the foot'
Goyal said the EU had accumulated around 75-77 regulations, arguing that repeated additions were increasing the compliance burden on businesses and making them less competitive in global markets.
Domestic cos need strategic approach to tap India-Europe FTA gains: FICCI
Indian companies must adopt a strategic approach to fully leverage the European free trade agreement benefits, as tariff concessions alone may not suffice. The focus should be on product quality, market penetration, and building significant relationships with European buyers. Compliance with European standards will be crucial for export success, particularly for small enterprises.
Data on value chain emissions will help
India is set to implement a requirement for exporters to report emissions data across their entire value chains. This initiative presents challenges, especially for micro, small and medium enterprises (MSMEs), which struggle to track emissions. Large companies are expected to take the lead in this process, developing systems for reporting. Collaboration among stakeholders, including government and industry, is crucial for supporting MSMEs and ensuring compliance.
Exporters may be asked to monitor supply chains' indirect emissions
The Indian government is engaging in discussions about measuring Scope 3 emissions for exporters. This consideration arises as trade partners impose tighter green requirements globally. Current frameworks focus on direct emissions and exclude indirect ones, making compliance more complex. As a result, industries, especially MSMEs, may face compliance burdens if new requirements are implemented. Ultimately, the aim is to ensure that Indian exporters remain competitive in international markets.
India, EU Commission hold technical talks on carbon pricing and MRV systems
India and the European Commission discussed their cooperation on carbon pricing mechanisms and MRV systems. Power Secretary Pankaj Agarwal and Director-General Gerassimos Thomas met to strengthen technical engagement. They reviewed India's carbon market development along with the EU's Carbon Border Adjustment Mechanism.
Piyush Goyal sees India becoming global car hub as Europe’s regulations hurt competitiveness
Piyush Goyal stated that automakers in Europe may consider manufacturing in India due to stringent regulations. He remarked that India is on the path to becoming a global car manufacturing hub. Goyal referenced challenges faced by Tata Motors after acquiring Jaguar, highlighting the need for re-engineering. The ministry has set an ambitious target of $1 trillion in exports this fiscal year.
India fastest-growing major steel market; demand to grow 7.9% in 2026: World Steel Association
India's steel demand is projected to grow by 7.9 percent in 2026 and by 8 percent in 2027. This growth is driven by infrastructure projects, manufacturing expansion, and strong real estate demand. Conversely, steel demand in China is expected to experience a decline of 2 percent in 2026, followed by a lesser contraction in 2027.
GVC integration, supply chain resilience, FTAs key to boost exports, high-end manufacturing: Deloitte India
India needs deeper integration into global value chains, lower logistics costs and better use of free trade agreements to boost exports and move into higher-value manufacturing, according to Deloitte India. It also called for stronger supply-chain resilience, tariff rationalisation and greater support for MSMEs facing trade-finance, compliance and currency risks.
CBAM can help India build a greener, competitive export sector
The EU's Carbon Border Adjustment Mechanism is set to reshape global trade dynamics by prioritizing carbon intensity. Indian exporters must strategize for compliance that extends beyond the current focus on iron and steel. The Indian government is actively supporting small and medium enterprises in achieving these new sustainability benchmarks. To navigate this transition successfully, enhanced funding for carbon accounting and technological advancements is essential.
Carbon credits need more than a nod
Britain recognised India's Carbon Credit Trading Scheme (CCTS) as a qualifying carbon-pricing mechanism under its Carbon Border Adjustment Mechanism (CBAM), thus joining an established club of recognised carbon-pricing jurisdictions. The recognition, however, doesn't automatically strengthen India's efforts to achieve equivalence with existing or future carbon border adjustment mechanisms. However, it demonstrates the value of sustained technical engagement in addressing complex issues in a mutually beneficial manner.
India, 17 others reserve right to participate in Russia's dispute with EU
India and 17 other countries, including the US, UK and China, have reserved third-party rights in Russia’s WTO dispute against the European Union’s Carbon Border Adjustment Mechanism. The WTO Dispute Settlement Body has agreed to establish a panel to examine Russia’s claims that CBAM creates trade barriers and violates WTO rules.
India’s bid to keep carbon cash home as Europe adds a new trade cost
India’s exporters face new carbon costs under the EU’s CBAM, which took effect in January 2026. For carbon-intensive industries such as steel and aluminium, this could pressure export competitiveness, prompting India to build a domestic carbon market and invest in cleaner technologies.
US’ Graham Act, trade restrictions are sustained coercion; US, China, EU weaponise trade: CEA
The CEA said that trade has been weaponised well beyond the US, pointing to export licensing, supply-chain chokepoints and similar moves by China and the EU.
India, 17 others reserve rights to join Russia’s CBAM dispute with EU as third party at WTO
Argentina, Brazil, Canada, China, Chinese Taipei, Indonesia, Japan, Saudi Arabia, South Korea, Malaysia, Norway, Paraguay, Singapore, Switzerland, Thailand, the UK and the US are other countries that have reserved their third-party rights in the dispute, the Geneva-based official said.
India-UK trade deal: CBIC eases paperwork for UK imports seeking preferential tariffs
The CBIC has made it easier for importers to claim preferential tariffs under the India-UK trade agreement. A valid origin declaration from UK exporters will generally suffice to prove origin. Previously, Form-I was necessary with every Bill of Entry for claiming preferential treatment. Now, this documentation is not required for routine import declarations. This change aims to streamline the customs process and reduce import barriers.
India can do without US steel exports, says Naveen Jindal; flags domestic demand as key growth driver
Naveen Jindal, chairman of Jindal Steel, said India can sustain its steel industry without depending on exports to the US, as domestic demand offers significant growth opportunities. He said higher US tariffs would have a limited impact on Indian producers. Jindal also discussed EU carbon rules, coal gasification and green steel.
India protects over 80% of steel exports to EU as 1.9 MT country quota is secured; residual access could push total to 2.8 MT
India secured a country-specific tariff-rate quota for steel exports to the European Union. This agreement will safeguard over eighty percent of the nation's steel shipments to the bloc. Indian exporters began utilizing this quota from July first, following new EU regulations. The government is also discussing carbon pricing mechanisms and verification processes with the EU. This move aims to ensure Indian exporters remain competitive within the European market.
India secures 1.9 MT steel export quota to EU, expects total access to reach 2.8 MT
India secured a 1.9 million tonne annual steel export quota to the European Union. Exporters anticipate an additional 0.9 million tonne from residual quotas. This agreement protects the EU's steel industry against global overcapacity issues. Indian steel exports will face the EU's Carbon Border Adjustment Mechanism. The pact is expected to be implemented next year after signing.
NITI seeks easier access to geological data, capital for small exploration companies
Niti Aayog recommends government support for junior exploration firms and increased private participation. Streamlining approvals and forest procedures will reduce project delays significantly. Harmonizing renewable energy rules and addressing GST for logistics are also advised. Promoting domestic production of specialized alloys and battery recycling is crucial. Strengthening trade competitiveness requires market diversification and integrated value chains.
Take steps to accelerate discovery of new mineral resources, says NITI Aayog
NITI Aayog suggests improving access to geological data and capital for exploration companies. Streamlining approvals and procedures will help reduce project delays significantly. Promoting domestic production of specialized alloys and integrating suppliers is also recommended. Establishing traceable collection systems for batteries and e-waste is crucial. The report highlights India's mineral trade share and key export markets.
Goods exports up 26% in August, trade deficit eases: Engineering, petroleum products, chemicals and textiles lead shipments; US remains top market
India’s goods exports surged in August, driven by robust global demand, while the trade deficit narrowed to a five-month low as imports declined. Key free trade agreements are on track for finalisation, while exporters are being prepared for the European Union’s Carbon Border Adjustment Mechanism. Trade ministers are also set to address bilateral concerns and review the status of ongoing free trade negotiations.
India ramps up preparedness for European Union's carbon tax; verifiers begin EU registry access
India is taking proactive steps by establishing a committee dedicated to assisting exporters in fulfilling the EU carbon tax requirements. This month, Indian verifiers are granted access to the EU's carbon tax registry, and from September 2027, domestic exporters will be mandated to submit returns. The government is actively collaborating with exporters to facilitate compliance and streamline verification efforts.
EU Parliament votes to scrap carbon border tax's emergency brake, setting up clash with member states
European Union lawmakers voted to remove a clause allowing suspension of the carbon border levy. This move sets up a disagreement with EU member states who want an emergency brake. The carbon border levy imposes CO2 emissions fees on certain imported goods. Lawmakers propose using collected revenue to compensate industries if costs increase. Negotiations will now occur to finalize the rules for the border fee.
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