The European Union has assured New Delhi it will hold two-way talks to tackle its concerns over tariffs proposed on imports of high-carbon goods such as steel and iron ore from India, the bloc's climate policy chief said on Friday.
the world's first plan to impose from 2026 a levy on imports of high-carbon goods ranging from aluminium and cement to power, fertilisers and hydrogen, aiming to reach net zero greenhouse emissions by 2050.
The EU official, Frans Timmermans, said he was confident the issue would be resolved bilaterally and it was too early to worry about the impact of penalties on exports from India. He was referring to the Carbon Border Adjustment Mechanism through which the EU plans to impose the steep tariffs, which range from 20% to 35%.to the World Trade Organisation while seeking to resolve the issue through talks.
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