Tariffs could disrupt trade UAE warns
The UAE’s Foreign Trade Ministry has said that new duties imposed by Europe on plastics from the UAE could disrupt trade, Reuters has reported. The European Union imposed new duties on Polyethylene terephthalate imports from the UAE of €42.34 ($57.6) per tonne until 2015, citing illegal subsidising of exports to Europe’s growing soft-drinks market. “There are many countries that have started to impose certain tariffs to protect their national industry, especially after the (economic) crisis. But this doesn’t serve the interest of trade, we can’t do trade like this,” Juma al-Kait, executive director for foreign trade affairs department, told the news service.
You might also like...
PIF entity makes $1bn Lucid placement
29 March 2024
Petro Rabigh awards KBR maintenance contract
29 March 2024
Diriyah Company seeks firms for demolition package
29 March 2024
European finance in place for Tunisia Bizerte bridge
29 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.