India-EU Free Trade Agreement: 10th Round & The CBAM Carbon Tariff Dispute
Negotiations in Brussels enter a crucial phase. The EU's Carbon Border Adjustment Mechanism (CBAM) threatens to impose 20-35% carbon levies on Indian steel and aluminum exports. India challenges this under WTO non-discrimination and UNFCCC CBDR-RC principles.
Prelims Trap Flag:
CBAM is an internal EU regulation, NOT a multilateral WTO treaty. Applies to iron, steel, cement, aluminum, electricity & hydrogen.
Mains Practice Prompt:
"Examine how unilateral environmental trade measures like CBAM impact developing economies in bilateral FTAs. (15M, 250W)"

