Gulf petchem producers slam India move
Dubai, August 11, 2010
The petrochemicals and chemicals industry in the Gulf has registered a strong protest against a move by India to apply anti-dumping duties on polypropylene exports from Oman and Saudi Arabia.
Gulf Petrochemicals and Chemicals Association (GPCA), citing a 'Disclosure Report' issued by India recently, said the government had decided to apply anti-dumping measures against polypropylene exports from two gulf countries - Oman and Saudi.
Dr Abdulwahab Al-Sadoun, secretary general of the Gulf Petrochemicals and Chemicals Association (GPCA), said,'This decision is not justified as GCC companies are neither dumping products in India nor causing injury to the country's petrochemical industry.'
'The Indian authorities had decided to take the unprecedented approach of rejecting the local price of feedstock used to manufacture polypropylene since the price when sold in Saudi is “considerably lower” than the price available in India,' he noted.
Sadoun explained that for obvious commercial reasons, including proximity to the source and low local production and distribution costs, the price of feedstock in Saudi Arabia, as in the Gulf region generally, was more competitive than in countries like India.
He pointed out that the methodology applied by India would clearly not stand up to scrutiny under WTO rules.
'WTO rules do not allow India to use anti-dumping measures to protect its industry from fair trade from competitive producers in the Gulf region that are not dumping their products and are not injuring the Indian industry,' he added.
Sadoun said that he was surprised by the Indian government's move 'given its desire to improve economic ties with Gulf countries and considering the massive investments and employment of Indian nationals in the region.'
The GPCA chief called upon the Indian Government to reconsider the decision before it 'affected economic relations with the Gulf region.'
'With this move, there is a concern that many aspects of business and trade between the GCC and India will be impacted,' he added.
Meanwhile, the GPCA chief said the association will hold consultations with regional governments and seek their support.-TradeArabia News Service
More Industry, Logistics & Shipping Stories
- Emal to supply molten aluminium to Ducab unit
- Ducab acquires British cable firm
- Emirates SkyCargo wins top awards
- Bayer opens new coatings, adhesives lab in Dubai
- Chep Aerospace unveils new ULD mobile app
- Cargo summit calls for cut in transit times
- Dubai bus fare cheapest among top cities
- DHL Express boosts Mideast fleet
- DNV to re-certifiy Drydocks World services
- Amphibious boats make global debut in Dubai
- Qatar sets up mixed business incubator
- Non-oil sectors ‘biggest contributors to UAE economy’
- Alba educates customers on best practices
- Spinneys to set up distribution centre at Kizad
- Maritime courses draw more trainees
- Dow to showcase at Dubai coatings expo
- UAE aluminium sector backs Syria refugees
- Asry in big vessel repair milestone
- Flare, Jordan form parent company ‘Aereon’
- Drydocks delivers second MCV for US
- ASIS launches amphibious leisure boat
- Taskforce sought to develop Saudi downstream sector
- DP World launches $200m India project
- RAK 'exploring' ceramics unit stake sale
- Mideast carriers top global air freight growth
- DMCA launches maritime solution apps
- Saudi plans oil-to-chemicals plant at Yanbu
- Sabic gets four bids for JV with Mitsubishi Rayon
- Pentair, IDC launch industrial services JV
- Major maritime conference to be held in Dubai