New Delhi, Jan. 30 -- Union Minister Piyush Goyal addressed concerns regarding the potential impact of the European Union's carbon tax on the India-EU Free Trade Agreement (FTA), stating that the pact is designed to safeguard Indian industries from adverse effects while promoting joint cooperation to decarbonise the economy.

Speaking to ANI on whether the carbon tax could offset the benefits of the India-EU FTA, Goyal emphasised that the agreement includes a "most favoured nation" clause, which ensures that if the EU grants any concessions on carbon tax to other countries, India will automatically benefit from them.

A technical committee will be established to review carbon pricing in both Europe and India, allowing for credit to be giv...