<h1>EU carbon border charges on Indian steel and aluminium exports raise costs; India-EU FTA urged to treat CBAM barrier</h1> The EU's Carbon Border Adjustment Mechanism (CBAM) has begun requiring Indian exporters of steel and aluminium to the EU to bear a carbon-linked charge and comply with enhanced emissions documentation and reporting. This imposes additional compliance and pricing pressures on exporters, with estimates indicating exporters may need to reduce prices by 15-22% to enable EU importers to fund the CBAM liability, thereby increasing effective export costs. The proposed India-EU FTA is urged to explicitly address CBAM as a non-tariff barrier so that the agreement's market-access commitments are not undermined by the CBAM-related cost and compliance burden.