Call to impose retaliatory customs duties in bid to fight European Union’s carbon tax

With less than 10 days for the European Union’s carbon tax compliance process to start, trade experts have suggested the country should consider imposing retaliatory customs duties in a calibrated manner on certain EU goods.

The government has held industry consultations on the carbon tax but has not indicated the measures to deal with the situation.

The retaliation measures, a report by thinktank GTRI said, offer several advantages, including rapid implementation.