RISI reported earlier this month that a new paper mill owned by Taiwan-based Cheng Loong, would not be granted an import permit for recovered paper until Government authorities could guarantee that the plant was complying with environmental regulations.
Although the report highlights the restrictions on scrap that are being imposed by Vietnam and other countries in Southeast Asia that are grappling with the diversion of trade from China, it comports with the May announcement
by Vietnam that they would be increasing enforcement of recovered paper import permits. Vietnam is not banning recovered paper imports outright, and this report confirms that the door can be reopened to Cheng Loong if they are proven to be respectful of Vietnam’s environment.
ISRI is reviewing the feasibility of a trade emission to Southeast Asia in 2019 to explore trade opportunities in this dynamic region. The trade mission would not only open business links but would also be a catalyst for ISRI to provide guidance and best practices to these countries on responsible recycling. We have already had initial discussions with the Embassy of Thailand about a workshop with government officials, and we expect a similar approach will be requested from other countries. The U.S. Department of Commerce and their teams at U.S. Embassies around the region will partner us for this outreach and for the trade mission.
For further information or questions, please contact Senior Director of Government Relations & International Affairs Adina Renee Adler