NEW DELHI: India will address the issue of the European Union’s plan to impose a carbon tax on certain imported goods, commerce and industry minister Piyush Goyal on Friday said, adding that “I will retaliate” if required.
“Bharat will address problem of CBAM with confidence, and we will find solutions. We will see how we can convert CBAM to our advantage if it comes in.Of course, I will retaliate. You need not worry about it,” Goyal said. According to a GTRI report, CBAM will translate into a 20-35% tax on selectimports to EU, starting January 1, 2026. agencies
“Bharat will address problem of CBAM with confidence, and we will find solutions. We will see how we can convert CBAM to our advantage if it comes in.Of course, I will retaliate. You need not worry about it,” Goyal said. According to a GTRI report, CBAM will translate into a 20-35% tax on selectimports to EU, starting January 1, 2026. agencies
