The solid waste handling bill, currently being prepared by the environmental committee of the Guatemalan congress, will boost the recycling industry and attract private firms dedicated to the activity, committee president Ronnie Escobar told BNamericas.
"The commission is incorporating tax exemptions in the bill for firms that recycle solid and liquid waste, as a means of reducing pollution in water resources," Escobar said.
"Additionally, the bill does not tax the generation or recycling of waste. What we want is the final disposal to be conducted appropriately," he added.
Escobar said private companies will be able to import waste and recycle it in Guatemala, as long as they are granted a special license for international waste transport that has been incorporated in the initiative.
"This bill will help establish a win-win situation, in which the environment, society and the private sector benefit," he said, adding: "The private sector will be able to recycle whatever it needs to in Guatemala."
The committee presented the initiative to the legislative assembly on October 28. It is expected to become law by January 2009, after passing three congressional reviews.
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