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GPCA lobbies to stop imports of petrochemicals

October 13/2009

October, 13 (zawya.com) -- The Gulf Petrochemicals and Chemicals Association (GPCA) may lobby with the GCC governments to prevent imports of petrochemicals from the EU, China and India, said Dr Abdulwahab Al Sadoun, Secretary-General of the association.

He was reacting to the recent anti-dumping measures adopted by these countries to prevent imports of petrochemicals from the GCC. The EU, China and India have raised tariffs on petrochemicals imports, in some cases by as much as 400 per cent to prevent their import and support their domestic industries.

The GCC exports 50% of its output to Asia and 10% to Europe. Petrochemical industries based in the Gulf exported more than 20 million tonnes of their products last year.

Al Sadoun termed the recent moves by China and India to protect their downstream industries by raising import tariffs as against the norms of the World Trade Organisation (WTO).

He alleged that the recent actions of China, India and Europe come as a result of lobbying by the larger petrochemical producers in these countries and added that it will have an adverse impact of downstream companies in these countries.

"The GCC industry and our governments will not accept the application of anti-dumping regulations against exports of petrochemicals and chemicals from the Gulf. We have seen a surge in protectionist actions brought by countries to block imports. These cases are baseless and violate international rules."

China, India and the EU have launched investigations to impose anti-duties on different categories of products. "While China is pursuing anti-dumping duties on products such as ethanol and butanediol, India is pursuing polypropylene," said Al Sadoun.

The GPCA"s statement yesterday comes in the wake of recent moves by China and India against petrochemical exporters based in the GCC. China and India have sought to protect their domestic industries by initiating anti-dumping measures.

As part of its initiative, GPCA will investigate and recommend specific actions that should be taken against trading partners that restrict GCC petrochemical and chemical exports.

GPCA has instituted an Advocacy Committee that will adopt a system to alert members about anti-dumping cases and work closely with GCC governments and the GCC Secretariat to defend the regional industry against such unwarranted actions. He called for a working team comprising representatives of the GCC Secretariat, GCC ministries of foreign affairs, commerce and finance to deal with the issue.



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