Eco-Dumping

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Eco-Dumping

The act of exporting a good from a country with new or poorly enforced environmental protection laws. These laws generally add to the cost of producing a good, so the export likely is much less expensive in an importing country than domestically produced goods of the same type. This can result in a large profit for the exporter. In addition to the costs to the environment (and the accompanying ethical questions), this can be detrimental to domestic business in the importing country. Many jurisdictions attempt to counteract dumping by setting up tariff barriers. See also: Dumping.
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References in periodicals archive ?
The problem of 'environmental dumping' has come to the fore in the past year after China banned imports of foreign plastic waste in a move that left developed many Western nations struggling to find places to send their garbage.
Tackling social and environmental dumping was also a key issue for the EP, which put up a fierce battle to win concessions from the Council.
Ecosocialism fights the engines of the capitalist system: exploitation and the endless search for maximum profit, the consumerism and productivism that exhaust ecosystems, globalization with its unbridled competition that encourages social and environmental dumping, imperialism and wars of aggression, racism, colonialism and all forms of oppression.
French President Nicolas Sarkozy still wants to see a "carbon tax" put in place at the European Union's borders to keep from adding "environmental dumping to social dumping".
Through currency manipulation, product piracy, violation of copyrights, and various forms of wage, social, and environmental dumping, they were rolling up western markets, resulting in unemployment and falling living standards.
"People's fear of crime and distress at the antisocial behaviour that turns their neighbourhoods into environmental dumping grounds are palpable.
Environmental dumping characterises a situation in which a government uses lax environmental standards to support domestic firms in international markets.
The phenomenon of off-loading unwanted refuse to poorer countries is termed "environmental dumping" by economists.
The report stresses the need to take account of environmental aspects in EU trade policy to combat environmental dumping and unfair competition that puts European companies at a disadvantage.
The participants in the three-way talks also noted a tentative convergence on combating social and environmental dumping but the scope of measure still has to be analysed.
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