India’s iron, alumina exports to UK face carbon tariff barrier despite FTA signed recently

India’s iron, alumina exports to UK face carbon tariff barrier despite FTA signed recently

As UK and India recently signed a Free Trade Agreement (FTA), some Indian exports to the UK still face the risk of extra taxes under the UK’s Carbon Border Adjustment Mechanism (CBAM), which targets products that produce high carbon emissions.

Prime Minister Narendra Modi and his UK counterpart Keir Starmer. Modi, who annoiunced the Free Trade Agreement on social media, said he is looking forward to welcoming Starmer to India. Reuters