India-EU FTA: Carbon Tax Hurdle Remains, Mobility Partnership Boosts Opportunities
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News18•28-01-2026, 23:11
India-EU FTA: Carbon Tax Hurdle Remains, Mobility Partnership Boosts Opportunities
- •The EU will not offer direct concessions on the carbon tax (CBAM) but will form a technical working group to address Indian industry challenges.
- •A $500 million fund (₹4,100 crore) will be dedicated by the EU for two years under its 'CBAM Initiative' to aid Indian industries with emission reduction technologies.
- •A new 'Mobility Partnership' will ease travel for Indian students and professionals to Europe, offering better post-study work opportunities and intra-corporate transfers for up to 5 years.
- •Indian professionals in 37 key sectors, including IT, will benefit from extended stay options and family residency rights in Europe.
- •The FTA is expected to boost Indian exports in textiles, leather, footwear, and marine products, while reducing duties on European wines in India.
Why It Matters: India and the EU are progressing on FTA, addressing carbon tax with support funds and enhancing mobility for professionals.
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