At the WTO meeting, India intends to object to the EU's carbon tax: sources
thehindu.com
India
08-02-2024
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At the upcoming World Trade Organization (WTO) meeting later this month, India intends to oppose the European Union's proposed carbon tax on imports of steel, iron ore, and cement, claiming it will create a new trade barrier, according to two government sources.
Senior sources stated that India intends to press for the European Union's unilateral move to be curtailed during the WTO's Ministerial Conference (MC13), which will take place in Abu Dhabi from February 26 to 29, along with South Africa and other like-minded nations.
One of the officials, who had firsthand knowledge of WTO deliberations, told reporters on February 7 that "any unilateral measures taken to combat climate change should not constitute a means of arbitrary or unjustifiable discrimination or disguised restriction on global trade."