In an interview with The Indian Express, Goyal said, “The fact is that this (the deal) is much more than just trade. On the contentious issue of Carbon Border Adjustment Mechanism (CBAM), Goyal said, “The carbon taxes we pay will be recognised over there. In addition to this, the EU is helping India in its decarbonisation efforts, the Commerce and Industry Minister said. Story continues below this adExplained Why India, EU see deal as win-win The EU trade deal offers an opportunity for Indian manufacturing to scale up and emerge as an alternative to China as a supplier for the 27-member European bloc . Goyal said to take advantage of the opportunities that the FTA with the EU presents, Indian industry has to create capacities.

Source: Indian Express January 31, 2026 02:29 UTC