EU Carbon Tax and Regulations Could Harm European Business Growth, Warns Indian Minister Piyush Goyal

Oct 25, 2025 12:37 am CST

Indian Commerce Minister Piyush Goyal warns that the European Union's 73 regulatory measures, including Carbon Border Adjustment Mechanism and Deforestation Regulation, could significantly impact EU businesses and trade relationships while complicating compliance requirements for international partners. The statements come as India negotiates a free trade agreement with the EU amid concerns that Indian exports worth $1.3 billion annually could face substantial tariffs.