The European Union's (EU) deforestation regulation and carbon tax are unfair and would impact Indian industries, Commerce and Industry Minister Piyush Goyal said on Friday. He also said the EU's safeguard measures on some steel products are irrational too. Addressing industry and representatives of EU here on the launch of Federation of European Business in India (FEBI), he said Indian industries are "confronted with unfair rules of deforestation, rules around CBAM (Carbon Border Adjustment Mechanism) and various other measures". Major agriculture-exporting countries, including Brazil, India, Indonesia and the US, have raised objections to the EU Deforestation Regulation (EUDR). The EUDR was adopted on May 16, 2023, and seeks to prevent the import of specified goods contributing to deforestation and forest degradation in the EU market. The covered products include coffee, leather, oil cake, wood furniture, paper, and paperboard, with plans to expand the product list further. How Read The Rest at :