EU can learn from India on cutting regulatory burden, says Piyush Goyal as Dutch minister rules out CBAM rethink
Piyush Goyal addressed the India-Netherlands Business Forum, highlighting India's deregulation efforts to reduce burdens on businesses. He asserted that the EU could learn from India's successful approach to regulatory matters. Dutch Minister Sjoerd Sjoerdsma acknowledged the importance of necessary regulations but emphasized the need to review those that hinder trade. He reiterated that climate…
The EU's commerce and industry minister, Piyush Goyal, suggested that Europe could learn from India's approach to reducing regulatory burdens for businesses during his speech at the India-Netherlands Business Forum on Monday. Meanwhile, his Dutch counterpart, Sjoerd Sjoerdsma, dismissed the idea of reconsidering the EU Carbon Border Adjustment Mechanism (CBAM), stating that essential climate and product quality regulations should persist, but unnecessary regulations hindering trade should be reviewed.
Goyal emphasized that India's deregulation efforts might serve as a valuable lesson for the EU, which he claimed adds unnecessary regulatory burdens to businesses.
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