Strong degree of environmental audit coupled with corporate governance standards can help mitigate this issue largely.
Also, stronger regulatory requirements and levying of penalties and levies like anti dumping duty can resolve issue.
Countries like Australia have high preference towards anti dumping duty as this leads firms paying more and elimination of hazardous waste is possible giving better environmental clearance. Larger dumping practices also lead to cancellation of licenses once an environmental audit is conducted which measures against set of parameters.
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