With China now seemingly out of the waste import business, some believe that Southeast Asia could fill the gap. PCI Wood Mackenzie, a United Kingdom-based consultancy, wrote in a recent report that Southeast Asia could soon become a “world leader” for plastic waste recycling due to China’s ban.

Critical questions are already being asked, however, about whether such commercial assessments are overly optimistic and indeed if developing a comparative advantage in importing other countries’ waste is desirable at all.

That will pose a quandary for Southeast Asian nations desperate for foreign investment, but wary of increasingly environmentally conscious citizenships. The answer likely lies in sorting out their own messes before importing those of others.

Source link

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Vietnam, China and Thailand are Cambodia’s top three export destinations

Cambodia’s total export to the Regional Comprehensive Economic Partnership (RCEP) member countries amounted to $1.95 billion in the first quarter of 2022, up 11 percent from $1.75 billion  over the same period last year, a Ministry of Commerce’s data showed on Thursday.

Thailand’s liveability ranking sinks amidst Covid-19 restrictions and environmental concerns

Thai cities have fallen out of the global top 100 most liveable locations for expatriate workers from East Asia, with Bangkok and Chiang Mai placed at 115th and 118th in the latest Location Ratings survey respectively

China’s big moment of choice on trade policy

China’s rapid growth since its accession to the WTO — per capita incomes are now well over four times as high today as they were in 2001 — was the single most important poverty-reducing event of the past century