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India-UK Carbon Tax Clash Amid Trade Talks Why in the News ? India has warned of retaliation if the UK introduces its Carbon Border Adjustment Mechanism (CBAM) without granting India’s demand for a carve-out in the free trade agreement (FTA), citing adverse impact on Indian exports and MSMEs. Concerns Over UK’s Proposed Carbon Tax: The …
Read MoreIndia-UK FTA Raises Concerns for Medical Device Sector Why in the News ? The proposed India-UK Free Trade Agreement (FTA) has alarmed domestic medical device manufacturers, who fear that Chinese products may gain duty-free access to Indian markets via the UK, bypassing tariffs and undermining India’s medtech ecosystem. Concerns over Chinese Backdoor Entry Domestic manufacturers …
Read MoreWhy in the News? The zero-for-zero tariff approach is being considered as a way for India to counter US reciprocal tariffs. This method involves mutual tariff elimination on select goods, offering a faster alternative to bilateral trade deals and minimizing the impact of new trade barriers. Impact of Reciprocal Tariffs on India If uniform reciprocal …
Read MoreSyllabus GS-2: Bilateral Groupings & Agreements , Effect of Policies & Politics of Countries on India’s Interests , Indian Diaspora , Groupings & Agreements Involving India and/or Affecting India’s Interests Focus: The US, under Trump’s “reciprocal tariffs” policy, may impose higher import duties on Indian goods, especially agricultural exports like shrimp and basmati rice. With …
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