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Piyush Goyal warns of blowback over carbon tax; says EU may hurt itself more
Union Minister Piyush Goyal stated that the EU's Carbon Border Adjustment Mechanism (CBAM) might negatively impact European industries more than India. He highlighted growing opposition to CBAM among European business leaders, suggesting it could increase India's export opportunities. The India-UK Free Trade Agreement (FTA) ensures significant access for Indian exports and protects sensitive sectors.
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