Business updates

Members are apprised that the current ban on export of scrap metals, including copper and copper alloys, has been lifted as from the 16th September 2019.

A new Consumer Protection (Scrap Metal) Regulations has been promulgated with a view to streamlining the restrictions on scrap metals exports. In this respect, manufacturing companies generating as by-product scrap metals shall no longer need a permit exporting scrap metals. Moreover, the legislation has been amended to allow companies to deal in and export scrap metals, provided they have a necessary license from the Ministry of Commerce.

The review of the ban on scrap metals forms part of Pre-Budgetary Advocacy by the MCCI in order to promote an effective circular economy model.

The new Consumer Protection (Scrap Metal) regulations can be accessed here.