Green tax may triger trade war

The International Air Transport Association has warned that countries like India, China and Russia could take retaliatory action over the unilateral imposition of the controversial Emission Trading Scheme by the EU that could lead to a trade war with Europe. HT reports.

The International Air Transport Association has warned that countries like India, China and Russia could take retaliatory action over the unilateral imposition of the controversial Emission Trading Scheme by the EU that could lead to a trade war with Europe.

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India has strongly protested against the tax and has threatened to impose retaliatory taxes on European carriers.

Paul Steele, IATA’s director,aviation environment, said an ad hoc group of experts has been set up to help resolve the matter.