India: EU’s carbon levies create trade barrier for developing countries

Monday, 22 May 2023 15:40:30 (GMT+3)   |   Istanbul

Indian government officials have stated that the country is planning to file a complaint to the World Trade Organization (WTO), claiming that the EU’s plan to levy 20-35 percent carbon tariffs on imports of high-carbon products including steel and iron ore is creating a trade barrier not only for India but also for many developing countries, according to media reports.

The officials also said that India is already working towards achieving its commitments within the scope of the Paris Agreement.

India aims to cut its carbon emissions to net zero by 2070, while the EU plans to become carbon neutral by 2050, imposing levies on high-carbon product imports from 2026.

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