Brief by Shorts91 Newsdesk / 10:01am on 17 Jun 2026,Wednesday Business
India is pushing for a steel export quota worth nearly $900 million in the UK market to resolve a dispute that has delayed the implementation of the India-UK Free Trade Agreement (FTA). New Delhi argues that Britain's planned steel import restrictions, including a sharp cut in tariff-free quotas and higher duties on excess imports, could hurt Indian steel exports despite the trade pact. India wants a quota matching its recent export levels to the UK. Officials have also raised concerns over the UK's upcoming Carbon Border Adjustment Mechanism (CBAM), with both sides continuing negotiations to break the deadlock. (PC: The Indian Express)
