Answer: European Union (EU)
Notes: The European Union (EU) has offered concessions to United States manufacturers on climate-related trade rules, including the carbon tax and deforestation regulations. Ahead of the next India-EU trade talks in Brussels, Indian negotiators plan to seek similar relief for Indian exporters. A senior government official highlighted that Carbon Border Adjustment Mechanism (CBAM) and other climate-related rules remain the most challenging issues in the India-EU trade deal. CBAM is an European Union (EU) tariff on carbon-intensive imports to prevent carbon leakage. It aims to put a fair price on carbon emissions from imported goods and promote cleaner production globally.
