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(ICIS) -- The Gulf Petrochemicals and
Chemicals Association (GPCA) is hopeful that the trade dispute over antidumping
duties on polymers between India and the Middle East will soon be resolved, the
association chief said on Monday.
Saudi Arabia and Oman, along with Singapore, were slapped with tariffs on
polypropylene (PP) shipments to India, upon
determination that dumping of the material was taking place. Saudi Arabia had
threatened to bring up the case before the World Trade Organisation (WTO) if
India did not retract its trade policy.
“We are optimistic that a win-win situation for all will be found soon,”
GPCA secretary general Abdulwahab al-Sadoun told ICIS in a phone interview. The
trade squabbles between India and the Middle Eastern countries may be discussed
on the sidelines of the 5th annual GPCA meeting in Dubai, which will run from
7-9 December, he said.
mrcplast.com
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