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India & China halt anti-dumping levy on KSA goods

November 09/2010

(Arabian Oil and Gas) -- India has suspended its anti-dumping taxes on the import of Saudi polypropylene products, according to Mohamed Al Mady, CEO of SABIC.

The move follows intense efforts made by the Saudi Ministry of Commerce and Industry in collaboration with Saudi exporting companies to change the Indian stance on the matter.

India recently imposed a tax of over 22% on Saudi polypropylene. India made the decision to levy the tax in June 2009 on a preliminary basis and in August 2010 on a final basis.


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