carbon tax

2 stories

India-UK FTA Stalled by Steel Tariffs, Scotch Duties May Adjust

The India-UK Comprehensive Economic and Trade Agreement (CETA) faces implementation delays due to the UK's new steel tariffs and carbon tax. India may adjust Scotch whisky duties to rebalance the agreement.

Jun 2, 2026 3 sources

Trade

Free Trade Agreements #india#uk

India-UK Trade Pact Delayed Over Steel, Carbon Tax Issues

The India-UK trade agreement faces delays as unresolved issues over steel import curbs and a proposed carbon tax persist. The UK plans to reduce steel import quotas by 60% from July 2026, while a carbon tax could impact $775 million of Indian exports.

Jun 1, 2026 2 sources