GLOBAL
airlines have sought a U.N.-brokered deal to prevent a trade conflict over
aviation emissions between China and the European Union .The call by the head of
the International Air Transport Association (IATA) comes amid signs that the EU
may be willing to soften a unilateral stance that could jepardise efforts to
resolve Europe's sovereign debt crisis with Chinese support.In an interview,
IATA Director General Tony Tyler said that the airlines industry had become
wedged between conflicting domestic laws after China ordered its airlines not to
join the EU's compulsory market-based system for regulating airline emissions.
EU's
cap-and-trade scheme has already been facing competition from the chinese
industry.The row that is now hitting different levels could adversely affect the
process of finding a remedy to Europe's sovereign debt crisis.By banning its
airlines last week from co-operating, China hardened its stance just ahead of a
February 14 Beijing summit at which the EU will seek Chinese help to ease its
debt crisis. What is essential at the moment is to find a formula to tackle
aircraft fumes that criss-cross international frontiers.ICAO has already made
efforts to step in to solve the issue at a time when the industry is struggling
to escape the affetcs from high oil prices and the economic uncertainty
surrounding Europe's debt crisis.
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