Page 56 - PNM General Election 2020 Manifesto

• Establish Trade Facilitation Offices in selected
Overseas Markets, commencing with Costa Rica
and Dominican Republic RECYCLING AND REUSING

• Transform the CSO into the National Statistical
Institute to publish trade and other types of
economic data to facilitate economic policy
making and commercial business decisions in a
timely manner

• Ensure fair trade and discourage businesses
from engaging in anti-competitive business
practices, such as the abuse of monopoly power
and anti-competitive agreements and practice

• Review the Anti-Dumping Act and Regulations
to ensure that local industries are safeguarded The imminent introduction of the Beverage
from unfair foreign Containers Bill is intended to set up a deposit and
refund system for glass and plastic bottles. This
PROMOTING ECO-FRIENDLY presents a tremendous opportunity for
manufactures to rebrand into Green-branded
BUSINESSES companies and develop packaging that is better
for the environment throughout its life:
SCRAP ICON INDUSTRY production, use and re-use. The Bill also provide
opportunities for SMEs as a deposit scheme will
indirectly encourage the introduction of
substitutes such as glass, metal and plant-based
containers that can benefit local producers and
prospective distributors of both. It will boost the
country’s embryonic recycling industry.

The scrap iron industry has the potential to be a
viable option for economic diversification and
environmental awareness. According to the CSO
scrap metal exports escalated from
approximately TT$69M in 2009 to TT$216M in
2018, registering an increase of over 213% over a
10-year period. The PNM will support this
industry by providing the necessary technical
support and regulatory and incentive framework.

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PNM THE RIGHT CHOICE ON AUGUST 10 People’s National Movement Manifesto 2020