India has emphasised the need for clarity in and predictability in the implementation of emerging EU regulatory measures, including the Carbon Border Adjustment Mechanism (CBAM) and the proposed new steel regulation, during the recently concluded India-EU Free Trade Agreement (FTA) negotiati
The recent regulation by the Ministry of Steel has the potential to disrupt supply chains and may impose heavy compliance costs on India's micro, small, and medium enterprises (MSMEs), according to a report by the Global Trade Research Initiative (GTRI).