Plastic Bag Prices Rise; Gong Ming-hsin: Affordable Project to Prioritize Inner Bags
NQ Score
90/100
AI Summary (NQ-processed)
Minister of Economic Affairs Gong Ming-hsin announced an 'Affordable Project' to stabilize plastic bag prices, prioritizing inner bags used for fresh food due to their low substitutability. This initiative follows a meeting with market and night market representatives to address the impact of rising plastic product costs. CPC Corporation will increase ethylene production, supplying 5,000 tons for the project to produce 1.25 billion plastic bags, with a price tracking mechanism involving 20 manufacturers.
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Frequently Asked Questions
- Q: Why is Minister Gong Ming-hsin promoting the Affordable Project?
- A: The project aims to stabilize the rising prices of plastic bags, especially inner bags for fresh food, which are significantly impacting markets and night markets.