Global Agreement on Plastics Pollution and Industry Concerns

China is exporting increasing volumes of cheap chemicals to Latin America and other regions as a huge wave of new capacity comes online, pressuring margins for producers around the world. 

-          Global overcapacity leading to chemical price deflation

-          Producers in Latin America fight imports from China, Middle East, US

-          Reshoring of manufacturing in Mexico stimulates chemicals 

-          Global economy cannot rely on developing countries to fuel growth

-          Climate emergency will hinder emerging markets

-          UN conference on plastics pollution taking place in Nairobi  

-          Aims to agree binding global agreement on plastics pollution by 2024