Malaysian waste plastic imports: The license will be reissued, but taxation!

Ma Xinshe reported that the Malaysian government will adjust the relevant requirements for plastic waste import approval licenses, including RM15 per ton for imported waste plastics.

Ma Xinshe: New Terms for Importing APs from Plastic Waste

Malaysian Minister of Housing and Local Government Zuraida Kamaruddin said that plastic waste import companies must obtain approval from the Malaysian Investment Development Agency (MIDA) in addition to the approval of the environmental protection department.

Zuraida said, The application for the import of plastic waste from Malaysia will be reopened on October 23, and the tax of RM15 per ton will also be opened on the same day. She added that 234 applications for imported plastic waste have been received. There are 114 companies active, but only 51 have been approved by MIDA.

Malaysia has become one of the world's major destinations for plastic waste. According to New Zealand Radio (RNZ), Malaysia has become a dumping site for plastic waste in New Zealand, Australia and the UK. In the past 6 months, New Zealand has been on plastics in Malaysia. The volume of waste exports has doubled. From January to July this year, the main destination for US plastic waste exports is still Malaysia, with a total value of US$50.86 million, accounting for 17% of the US export market share.

It is reported that Malaysia plans to ban the use of disposable plastic bags by 2030, and decided to ban the use of plastic straws in all federal districts of Kuala Lumpur, Putrajaya and Labuan from January 1 next year. The business license may be revoked.

Vietnam has recently announced a ban on importing waste from only rough-processed companies. Thailand has previously announced that it will ban the import of related types of electronic waste and all plastic waste within the six-month and two-year period. The changes are more frequent. The bosses should pay attention to the situation so that the strategy can be adjusted in time. Xiaobian will also continue to transmit real-time information for the decision of the boss.

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