India gets 1.64Mt EU steel quota under FTA; car imports from EU may rise sixfold

India gets 1.64Mt EU steel quota under FTA; car imports from EU may rise sixfold. The total country-specific quota falls under two parts, whereby the FTA component comes in at 0.69 million tonnes and the most favoured nation component, available to all partner countries, stands at ... Amid tensions over steel exports to the European Union due to regulations such as the Carbon Border Adjustment Mechanism (CBAM), India has secured 1.64 million tonnes of steel export quota, across 16 categories,