From Times of India
"NEW DELHI: After a carbon tax levied on aviation by the European Union, the government is now preparing for a possible trade war with the European Commission imposing a similar levy on shipping business as well - a move that can increase freight rates by 3-15%.
With EU mulling a tax on the shipping industry that will impose a levy based on carbon emissions on ships entering European waters., the Indian government has prepared a policy document to examine impacts of such a move and list measures to retaliate what it sees as a unilateral move."
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