NPRA ’10: Keep markets open - Drevna

29 March 2010 01:07  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS news)--Nations should strive to keep their markets open and avoid protectionist policies, Charles Drevna, president of the National Petrochemical & Refiners Association (NPRA), said on Sunday.

Drevna was speaking during a question-and-answer session during his group’s International Petrochemical Conference (IPC).

Recently, anti-dumping duties and other protectionist measures have appeared throughout the world.

The Chinese government has imposed an anti-dumping duty on butanediol made in Saudi Arabia.

The US government has imposed tariffs on tyres from China, and the EU has a tariff on US biodiesel.

“I would surely hope that government leaders see the folly in that,” Drevna said.

The NPRA has long promoted free trade, Drevna said. “That’s the only way the economic pie is going to get bigger.”

Regarding the economic mood at this year’s IPC, Drevna said, “I’m not saying it’s euphoric. But you’re seeing hints of optimism.”

In contrast, during the 2009 IPC, Drevna said, “There was a lot of apprehension.”

In all, the global economy has started a long, slow recovery, Drevna said.

Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.

Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
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By: Al Greenwood
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