12 August 2010 10:59 [Source: ICIS news]
By Malini Hariharan and Nurluqman Suratman
SINGAPORE (ICIS news)--The Gulf Petrochemicals and Chemicals Association (GPCA) is “strongly protesting” a move by India to apply anti-dumping duties on polypropylene (PP) exports from Oman and Saudi Arabia, according to a GPCA statement obtained by ICIS on Thursday.
It has also protested against India's 'unprecedented approach' of rejecting the Saudi price mechanism for propane used to manufacture PP.
“This [ADD) decision is not justified because GCC (Gulf Cooperation Council) companies are neither dumping products in India or causing injury to the Indian petrochemical industry," said Abdulwahab Al-Sadoun, secretary general of GPCA in the statement.
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Al-Sadoun said that he was surprised that the Indian government would take such a “dubious action”, adding that the move could have an impact on many aspects of business and trade between the Gulf and
He also called upon the Indian government to reconsider the decision before it “affected economic relations with the Gulf region”.
“In the meantime, GPCA will be consulting with Governments in the region to support next steps in this investigation,” Al-Sadoun added.
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