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(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.
mrcplast.com
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