Sabic to take Indian duty dispute to WTO

29 November 2010

Abdulrahman al-Zamil, a trade representative for Saudi petrochemical makers has said that Saudi Basic Industries Corp (Sabic) plans to ask the World Trade Organization (WTO) to pressure India to lift an anti-dumping duty it imposed on Saudi polypropylene, Bloomberg has reported. “This is an unjust decision by India, and we can’t tolerate it,” he told the news service. The Indian decision will not have a great financial impact on the kingdom’s producers, as total petrochemical exports from Saudi Arabia to India amount to what he described as a “modest” $200m a year, he said. Saudi suppliers can easily shift their exports to China and other markets to avoid losses, al-Zamil added.

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