What are the two branches of effects when the government bans nickel export?

The first option the government can choose to implement would be a trade policy that imposes a ban on nickel export. The possible effects the researcher came up with as a predictive guess when the government imposes a ban, the negative impacts would be a loss of revenue in the mining sector. If this policy will be mandated, and more open-pit mining will be banned by President Duterte, this will entail a loss of revenue to the mining companies in the Philippines. Since there would a decrease in profit in the mining companies, therefore, they would also need to cut production cost by laying off workers since the mine operations will be halted. However, one positive effect is that the environment will be better protected. On the other hand, if the Philippines will relax its trade policy regarding the banning of nickel export, private sectors in the mining industry will thrive, as well the employment opportunities given to people living in far flung areas where mining companies operate. In addition, trade relations and foreign investments will also increase since countries like Japan and China will be encouraged to invest and set up their business in the Philippines.

The post What are the two branches of effects when the government bans nickel export? appeared first on interaksyonph.