Current Affairs - International - Discussion

The 3rd India-Japan Steel Dialogue took place in New Delhi as part of the Memorandum of Cooperation (MoC) on the steel sector signed in 2020. The discussions focused on economic developments, steel trade, and technological collaboration. India assured ease of doing business for Japanese companies, while Japan reaffirmed its support for investments in advanced steel technologies. Both nations also discussed the impact of the European Union’s Carbon Border Adjustment Mechanism (EU CBAM) on the steel industry. This dialogue strengthens bilateral cooperation in the steel sector, promoting sustainable growth and innovation.