EU imposes new duties on UAE plastics

30 September 2010

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.

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