Another major importer of recyclables in Asia is drafting policy to reshape its relationship to materials recovery. But this time, the move could actually be a boon to exporters.
Another major importer of recyclables in Asia is drafting policy to reshape its relationship to materials recovery. But this time, the move could actually be a boon to exporters.
Malaysian authorities plan to ban scrap plastic imports in three years. In the meantime, they’ll subject incoming shipments to a series of stringent new requirements.
Scrap plastic shipments to Malaysia will be subject to new restrictions in the coming weeks, as the country follows through on vows to get a handle on skyrocketing imports.
A year after an online scrap plastics trading marketplace launched, an executive at the startup offered insight into where material is moving in the aftermath of China’s ban.
A Thai policy restricting the import of scrap plastics has proved effective. U.S. scrap plastic exports to the country dropped by 94 percent after the ban took hold.
The U.S. and China have fired their latest salvo in their ongoing trade war, and this time tariffs have been applied to recovered plastics and a number of other U.S. recyclables.
Governments in Southeast Asia are following through on promises to heavily restrict scrap imports.
The Chinese government plans to levy a 25 percent tariff on scrap plastic, as well as a number of virgin plastics and all recovered paper, in retaliation for the latest U.S. tariff proposals.
To keep up with the top export destinations for U.S.-sourced scrap plastics, Plastics Recycling Update examined the latest shipping data from the U.S. Census Bureau.
The Malaysian and Vietnamese governments have followed through on plans to clamp down on recycled material shipments. Both countries have stopped issuing new import permits for certain materials.