Guatemala Restricts Plastic Waste Export
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.
Friday, October 14, 2011
The regulation reflects the need to ensure the supply of this raw material for the domestic industry under the Governmental Agreement 333-2011 published in the Official Journal.
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The Constitutional Court of Guatemala has temporarily suspended the decree regulating the export of waste plastics (PET).
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."
Governmental Agreement number 333-2011 of December 2011, which set annual quotas for the export of waste, parings and scrap plastic, has been repealed.
Between January and May, recycled plastic exports generated revenues of $2.2 million.
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