New Delhi, Jan. 21 -- While India and the European Union move closer to finalising a long-pending Free Trade Agreement (FTA), concerns remain for India on non-tariff barriers, particularly the upcoming Carbon Border Adjustment Mechanism (CBAM), highlighted Jefferies in its latest report on the India-EU trade deal.

The report said that a key concern for India is the presence of multiple non-tariff barriers for its exports to the EU, with limited scope for relaxation. It specifically pointed to CBAM as a major challenge, noting that this mechanism could impact Indian exports going forward.

Jefferies stated "Key concern for India is the many non-tariff barriers such as the upcoming CBAM mechanism for its exports. We see limited scope of re...