Newsmaker
Scrap metal export ban ‘hurting the economy’
Policy is costing jobs and making criminals richer, says XA Global Trade Advisors CEO Donald MacKay
17 December 2023 - 06:18
The government’s scrap metal export ban, which is up for extension, is damaging the economy, costing jobs, making criminal syndicates richer and doing nothing to stop the theft of copper cable or other vital network infrastructure, says trade policy expert Donald MacKay, CEO of XA Global Trade Advisors.
“I can only assume that extending the ban would be an attempt to shore up its huge overinvestment in the mini mills and foundries which are the potential beneficiaries,” he says...
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