EU Official clarifies CBAM's environmental focus, stresses positive trade ties with India | WION

In a key comment aimed at clarifying the European Union’s Carbon Border Adjustment Mechanism (CBAM), Gerassimos Thomas, Director General of the European Commission's Directorate General of Taxation and Customs (DG TAXUD), has emphasized that the initiative is not a tax or tariff, but a measure designed to reduce carbon emissions. Addressing misconceptions, Thomas highlighted, that CBAM is intended to promote sustainability, rather than acting as a trade barrier between the EU and India.

#eu #india #tax

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