EU criticised for tax on Malaysia’s metal while they export plastic waste

While Yin Shao Loong on X is saying the EU exported plastic and other wastes to Malaysia in the past, the Union has since announced a ban on such waste exports to Southeast Asia. But, as we know, a ban is only good if it’s enforced. The ban was part of a revision to the Waste Shipment Regulation. 

However, the ban doesn’t solve all the problems, as there are still ways to ship plastic waste to other countries, including Turkey. In April this year, DW reported that the illegal waste trade from Europe to Southeast Asia has emerged as a highly profitable, low-risk criminal enterprise with a major impact on the environment, economy, and human health.

Metal Tax

Meanwhile, The EU is planning to implement a Carbon Border Adjustment Mechanism (CBAM) in 2026 that will tax the export of steel and other items from Malaysia or a metal tax.

Table of Contents

Latest News Malaysia

Read More News on Business News Malaysia

Read More News #latestmalaysia

BIZ NEWS CODE Business News Malaysia

Read More News on Business News Malaysia

Staff Writer

Recent Posts

Weststar Aviation inks RM2 billion financing deal with AmBank

Weststar Aviation Services signed a RM2 billion financing deal with AmBank to double its helicopter…

44 minutes ago

Automotive Incentives Must Benefit Entire Supply Chain, Say Industry Players

Industry players urge the government to create inclusive automotive incentives supporting the entire supply chain…

4 hours ago

Kerjaya Prospek Secures RM98.8m Hospital Project, Expands Order Book

Kerjaya Prospek wins RM98.8m Seremban hospital job, boosting order book to RM4.3bn with strong earnings…

5 hours ago

Trading Radar: Crude Oil Long Play Amid Escalating Iran Conflict

Trump’s war update drives Brent crude to USD109; strategic buy positions in oil and commodity…

10 hours ago

US Jobs Surge to 15-Month High, Fed Holds Cautious Amid Iran War

The U.S. labor market rebounded in March with nonfarm payrolls rising +178K, the strongest gain…

10 hours ago

YTL Power – Data centres gaining traction

YTL POWER (BUY Maintained, TP:RM3.72) Data centres are gaining traction 

10 hours ago

This website uses cookies.