The European Union and India are entering the final phase of their free trade negotiations, maintaining near-continuous contact to finalize an agreement by the end of the year, according to the European Commission. Negotiators from both sides recently met in Brussels, where they reported progress on several key issues. A major development was the closure […]
EU and India Intensify Efforts Toward Free Trade Agreement Read More »
India, South Africa, Taiwan and several other emerging economies are looking at challenging the EU’s “Carbon Border Adjustment Mechanism” (CBAM) at the World Trade Organisation (WTO). Indian Commerce Minister Piyush Goyal had previously warned that India will take “retaliatory measures” against what he considers to be unfair customs tariffs. According to estimates, these would hit
Emerging economies to challenge EU climate levy at WTO Read More »
On 5 March, a World Trade Organisation (WTO) panel has ruled that the EU’s policies of employing indirect land use change (ILUC) methodology to ban palm oil biofuels needs to be changed. A so-called Delegated Act was found to be discriminating against palm oil produced in Malaysia. In response, Malaysian Plantation and Commodities Minister Datuk
WTO panel orders EU to change biofuels policy Read More »
In an interview with the Financial Times, Pamela Coke-Hamilton, executive director of the ITC, a joint agency of the UN and World Trade Organization, has lashed out against new EU deforestation rules. She told the newspaper that the ban on goods linked to deforestation from entering the EU in effect favour major corporations able to