Home / Knowledge / News / Textiles / Egypt lifts duty on Saudi Arabian polypropylene
Egypt lifts duty on Saudi Arabian polypropylene
10
Jan '13
Egypt has withdrawn the anti-dumping duty imposed on polypropylene imports from Saudi Arabia, Prince Abdul Aziz bin Salman, Saudi Arabian Assistant Minister of Petroleum and Mineral Resources, has said, Arab News reported.
 
According to the Saudi Press Agency, based on the claims that Saudi imports were impairing the domestic industry, Egypt imposed duty on polypropylene manufactured by several petrochemical producers of Saudi Arabia, including Advanced Petrochemical Company, Saudi Basic Industries Corp. (SABIC), National Petrochemical Industrial Company, PetroRabigh and National Industralization Co.
 
Egypt also initiated a probe into imposition of preventive measures against polypropylene imports from Saudi Arabia in April 2012. 
 
Following the investigation, the authorities concluded that imports are not the only cause of detriment to the Egyptian industry, and that levying preventive taxes would not help in addressing the problem.
 
Subsequently, the Egyptian Government rolled back the anti-dumping duty on December 24, 2012, Prince Aziz said.
 
Last year, India ended levying of anti-dumping duty on polypropylene imports from Saudi Arabia. Turkey too dropped the anti-dumping claims against monoethylene glycol imports from SABIC last year after concluding that the company was fulfilling all the norms.
 
Saudi petrochemical firms gain benefit from cheaper availability of feedstock within the kingdom. This lends them a competitive edge over other producers using naphtha, a crude derivative, whose prices have a directly correlation with oil prices.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search