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Saudi petrochemical makers to take India PP duty dispute to WTO

November 29/2010

(Bloomberg) -- Saudi Basic Industries Corp., the worlds biggest petrochemical maker, plans to ask the World Trade Organization to pressure India to lift an anti-dumping duty it imposed on Saudi polypropylene, an official said.

India last week levied a duty of 6.5 percent per ton on Saudi exports of polypropylene products, in an effort to protect its own producers of the chemical. Other Saudi manufacturers affected by the duty include Advanced Petrochemicals Co. and National Industrialization Co.

This is an unjust decision by India, and we cant tolerate it, Abdulrahman al-Zamil, a trade representative for Saudi petrochemical makers, said today in a telephone interview. The next stop for Saudi petrochemical producers will be the World Trade Organization. Al-Zamil heads the Riaydh -based Export Development Center, which promotes Saudi exports other than crude oil.

He said the Indian decision will not have a great financial impact on the kingdoms producers, as total petrochemical exports from Saudi Arabia to India amount to what he described as a modest $200 million a year. Saudi suppliers can easily shift their exports to China and other markets to avoid losses, he said.

The only people who are going to be seriously damaged now from this decision are the 600,000 Indian manufacturers who are looking forward to importing cheap polypropylene from Saudi Arabia, al-Zamil added.


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