Decree Restricting Export of Plastic Waste Suspended
The Constitutional Court of Guatemala has temporarily suspended the decree regulating the export of waste plastics (PET).
Friday, November 25, 2011
Government Agreement 333-2011, in force since October 14, sets an annual export quota of 2,400 tons for waste and scrap plastic.
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Guatemalan companies in the sector said that the measure constitutes "price fixing which eliminates competition, and encourages the formation of monopolies and privileges for certain companies."
The Ministry of Finance has established an annual quota of 2,400 metric tons, and for the remainder of 2011 will only allow 600 tonnes to be exported.
Between January and May, recycled plastic exports generated revenues of $2.2 million.
Governmental Agreement number 333-2011 of December 2011, which set annual quotas for the export of waste, parings and scrap plastic, has been repealed.
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