India has shared a “non-paper”, or discussion paper, with the European Union (EU) to convey New Delhi’s point of view regarding the disruption that will be created with the implementation of European regulations such as carbon border adjustment mechanism (CBAM), deforestation, and due diligence, among others. As a part of the non-paper — typically an informal document — India has emphasised on the need for a “transition period” before adhering to these regulations, a senior government official told Business Standard. This is because India believes that it is crucial to keep in mind the principle of common but