New Delhi: India, China, the US, Russia, Brazil and another 21 nations have decided to retaliate against the EU decision to collect billions of dollars every year by unilaterally imposing a carbon tax on flights landing in Eurozone.
The retaliatory measures decided include reviewing or abrogating the bilateral service agreements and open skies' agreements with each European country, suspending all negotiations on operating rights for the EU airlines and aircraft operators and imposing additional levies and charges on flights coming in from European nations. The fallout could hit the domestic consumers hard since the number of European flights landing and flying from India could be reduced and the cost of tickets could increase exponentially.
The decision to launch an all-out trade war against EU airlines was taken at a meeting of the 26 countries in Moscow on Wednesday after the EU refused to withdraw the unilateral carbon tax on fliers from other nations. The measure would help EU pocket around $1.5 billion starting 2013 that will go up every year, thanks to the annual carbon tax at the cost of fliers from India and other countries ostensibly to combat climate change, some industry estimates have suggested.
23/02/12 Nitin Sethi/Times of India
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