India-UK trade pact faces delay as steel curbs, carbon tax concerns remain unresolved: Report

Jun 1, 2026 - 19:00
India-UK trade pact faces delay as steel curbs, carbon tax concerns remain unresolved: Report

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India and the UK are set to discuss contentious steel safeguard measures and the proposed Carbon Border Adjustment Mechanism (CBAM) this week, posing significant hurdles to their free trade agreement. New Delhi is concerned about reduced steel import quotas and potential carbon taxes impacting exports, hinting at possible retaliatory measures.

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