By Redaction ARPS with UNCTAD
Plastic Pollution Crisis: Plastic pollution affects global health, ecosystems, and development, particularly in developing countries.
Economic Impact: In 2023, global plastic production reached 436 million metric tons, with 75% becoming waste, polluting the environment.
Tariff Disparities: Tariffs on fossil fuel-derived plastics have decreased significantly, while tariffs on natural alternatives remain higher, hindering sustainable investment.
Lack of Global Policy: There is no comprehensive international treaty on plastic, although negotiations are ongoing.
Non-Tariff Measures (NTMs): Countries are implementing various regulatory measures, increasing compliance costs for small businesses and low-income exporters.
Growth of Alternatives: The market for plastic substitutes reached $485 billion in 2023, with a 5.6% growth rate in developing countries, but was hindered by high tariffs and limited incentives.
Call for Action: The upcoming Global Plastics Treaty has the potential to help align trade with sustainability through tariff reforms and enhanced waste management policies.
Read full article at: Global Trade Update (August 2025): Mobilising trade to curb plastic pollution | UN Trade and Development (UNCTAD)
