Aviation: In times of trade wars, IATA strikes this big blow; Know all details here
Notably, the US, under President Donald Trump has sparked a trade with China that threatens to drag in the rest of the world and disrupt global exports. Significantly, IATA has asked for a more sombre and even handed approach.
)
07:35 PM IST
The International Air Transport Association (IATA), which is the trade association of the world’s airlines, has launched a new campaign where it aims to highlight the role aviation sector plays worldwide. IATA through its Twitter handle said, "#Aviation delivers its best when borders are open to people and trade. Trade wars, in the long run, only produce losers. Under its business module for this year, IATA states that, the global airline industry will transport 3.78 billion passengers and 52.7 million tons of cargo. Worldwide, aviation supports jobs for 63 million people." Notably, the US, under President Donald Trump has sparked a trade with China that threatens to drag in the rest of the world and disrupt global exports. Significantly, IATA has asked for a more sombre and even handed approach.
IATA added, “ It is the means to market for a third of the goods traded internationally.”
According to IATA, aviation also plays a unique role in connecting business to markets, uniting family and friends, bringing people together to solve problems, build understanding and develop global insights.
#Aviation delivers its best when borders are open to people and trade. Trade wars, in the long run, only produce losers. #BusinessofFreedom Learn more: https://t.co/yZPZuT9ZUj pic.twitter.com/rNgIKpiw9U
— IATA (@IATA) July 6, 2018
To this end, IATA is actively promoting the value of aviation, it avers. The association adds, “Our goal is to partner with governments, businesses and consumers to create a shared understanding of the value that can be created from air travel - and how it can be enjoyed.”
Lastly, IATA says, “Our hope is that this, in turn, will encourage governments to take a smarter regulation approach that maximizes aviation’s potential and allow it to fully contribute to world society as a force for good.”
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
Top 6 Largecap MFs with up to 39% Return in 6 Months: No. 1 fund has turned Rs 20,000 monthly investment into Rs 1,31,527
)
Power of Rs 13,000 SIP: How long will it take to turn Rs 13,000 monthly investment into Rs 5,00,00,000 corpus?
)
Top 5 Midcap Mutual Funds With Best SIP Returns in 7 Years: Rs 13,000 monthly SIP in No. 1 fund has led into Rs 31.02 lakh wealth
)
Rs 19 Lakh Lump Sum Investment in Mutual Funds: How many years can it take to create a Rs 1 crore, Rs 2 crore & Rs 3 crore corpus?
)
10 Stocks To Buy For Long Term: Analysts recommend largecap, midcap, smallcap scrips; Glenmark Pharma, TCS on the list
)
SGB Gold Bond vs Top Gold ETF: Which has given higher return on Rs 5 lakh investment in 5 years? See returns and calculations
07:35 PM IST