EU Proposes Protection For Plastic Bottle Industry


The European Union wants to impose new trade barriers on imported plastic from Iran, Pakistan and the United Arab Emirates, saying the countries illegally give aid to exporters who supply plastic for Europe's rapidly growing soft-drinks market.

The European Commission - the EU's executive - wants to impose duties worth about €140, €44 and €42 per tons on imports of plastic for bottles and food packaging from Iran, Pakistan and the UAE respectively, according to documents seen by Reuters on Monday.

The proposal follows an investigation into allegations of illegal subsidies in the three countries that was brought last year by European plastics makers who say illegal trade practices are squeezing them out of Europe's market.
Read more