Indian goods being exported to the EU may face higher barriers if the 27 member grouping goes ahead with a proposal to place a carbon tax on goods imported from advanced developing countries. While EU justifies the proposed tax as a measure to create a level playing field between polluting developing countries and countries that have agreed to the Kyoto protocol, India feels the move may render certain exports noncompetitive.
Contributed By:
Prof. Amit Dey
(Globsyn Business School)
Source: The Economic Times
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