34. International Public Finance Conference
Waste Trade and External Cost of Plastic WastesEzgim Yavuz
With the 1980s, global waste started to have a significant role in trade. One of these waste groups is plastics. Due to reasons such as urbanization, population and development, plastic production and thus plastic waste has increased. Due to external costs such as diseases caused by plastic wastes, environmental pollution and toxic gases, developed countries apply serious sanctions. This situation led the firms, which aim to avoid high costs caused by the sanctions, to export waste to underdeveloped or developing countries where there are no regulations or controls are lower. Decisions taken by countries in waste trade also affect the trade structure. This effect was realized with the ban imposed on China’s import of waste and currently Turkey, which already shows increasing trend in foreign trade and a high dependency ratio, has accelerated imports of plastic waste. Recycling rate of Turkey is so low that this situation leads to cost the country both economically and socially.