BusinessPhoto: MintPiyush Goyal Calls EU Carbon Tax 'Inviting Disaster'
India's Commerce Minister Piyush Goyal criticized the European Union's carbon border adjustment mechanism (CBAM), calling it 'inviting disaster' due to its high import duties on carbon-intensive goods like steel. Speaking at the Berlin Global Dialogue 2026, he warned it would raise living costs and hurt industry. Goyal also announced that the India-EU free trade agreement may be signed by year-end, with operations starting in four to five months.
Mint··Berlin



