RETALIATION AGAINST THE European Union on its string of laws like carbon tax would be counterproductive and end up raising costs for local manufacturers but the grouping's five regulations on climate change and trade could in some ways result in increasing the attractiveness of India against its competitors, a senior official has said.
The carbon tax or Carbon Border Adjustment Mechanism that seeks to subject to additional tariffs goods with higher than permissible carbon emission at production stage, whether imported or produced within the EU, cannot be replicated by India because even for local markets the producers will have to make products confirming to EU standards.
Bu hikaye Financial Express Mumbai dergisinin July 31, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin July 31, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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