Market Intelligence
EU CIRCULAR ECONOMY TRANSITION:
FULL SPEED AHEAD
The transition to a circular economy is one of the pillars of the European Commission’s Green Deal. By moving away from the produce – use – dispose model, in favor of a circular approach to consumption the Commission hopes to make significant cuts to the EU’s greenhouse gas emissions coming from virgin raw material extraction and hopes to decrease pollution and associated biodiversity loss.
To achieve the circular economy transition, the Commission will be putting forward several pieces of legislation over the course of 2022. New rules will affect several different sectors. It is a crucial time for U.S. businesses to engage with the EU on circular economy.
Review the full report here.
MALAYSIA: NEW GUIDELINES FOR WASTEPAPER AND SCRAP METAL
Malaysia has emerged as one of the fastest-growing overseas buyers of scrap metal shipped out of the U.S. On January 10, 2022, the Malaysian government enacted new scrap inspection and purity standards for wastepaper and scrap metal to safeguard the environment. These guidelines specify the requirements for the importation, inspection, and CoA issuance of all wastepaper and scrap metal into Malaysia for manufacturing purposes.
Under the purview of the Ministry of International Trade and Industry (MITI), all wastepaper and scrap metal intended to be imported into Malaysia are now subject to an inspection process and issuance of Certificate of Approval (CoA) as per Customs (Prohibition of Imports) Order 2017.
Review the full report here.
Upcoming Events and Announcements
UKCA Mark and Market Access into the UK
May 6, 2022
The UK officially left the EU and ended its transition period on Dec. 31, 2020. The regulatory landscape is changing, and one new regulatory requirement is the UK Conformity Assessed (UKCA) mark. Join the Commercial Service and speakers from the BSI Group and the British Consulate General in New York for a discussion of the new certification requirement, when and how to use the UKCA mark, rules for usage, technical documentation and record keeping, alternative options, and compliance mechanisms.
Date: May 6, 2022
Time: 11:00am-12:00pm ET
Cost: $25
Questions? Please contact Anastasia Xenias
U.S. Chamber of Commerce
Green Tech U.S. Business Delegation - Egypt
May 14-17, 2022
With a goal of dedicating 50% of investments to green projects by 2024-2025, the Government of Egypt has taken an ambitious approach to the country’s climate adaptation and mitigation priorities. To achieve this will require a unified commitment from the public and private sectors to forge real climate solutions, and the American business community continues to be a leader in this effort.
As Egypt prepares to host COP27 on behalf of the African continent this November, the U.S. Chamber of Commerce, in partnership with AmCham Egypt, will leverage our strong track record of convening U.S. business leaders with key government stakeholders to organize and lead a GreenTech Business Delegation to Egypt in May 2022.
Delegation members will learn first-hand of the business opportunities in renewable energy, waste management, water resources management, energy efficiency, and other areas related to Egypt’s green strategy. With Egypt hosting this year’s UN Climate Conference – COP27 – in November, this Mission is an ideal occasion for showcasing American solutions in Green Tech to Egyptian decision-makers.
For questions, contact: Steve Lutes, VP, Middle East Affairs, or Anna Burress, Senior Manager, Middle East Affairs, U.S. Chamber of Commerce
Market Development Cooperator Program
Do you work for a trade association or other nonprofit group that promotes U.S. exports? Are you interested in grant funding and partnership with the Department of Commerce? Visit trade.gov/mdcp to learn how to apply for ITA’s 2022 Market Development Cooperator Program (MDCP) and win an award of up to $300,000. Awardees partner with ITA on a 3-5-year project designed to remove trade barriers and help U.S. firms to export. The MDCP is the U.S. government’s most successful export assistance program, generating over $300 in U.S. exports for every $1 in ITA funding and supporting an average of 14,000 jobs annually. Take the first step, and review the MDCP website to learn how to apply for the program.
Applications due by May 13.
Questions: Contact Jamie Merriman
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