06 December 2010 08:21 [Source: ICIS news]
By Tahir Ikram
“We are optimistic that a win-win situation for all will be found soon,” GPCA secretary general Abdulwahab al-Sadoun told ICIS in a phone interview.
The trade squabbles between
GPCA had taken a stand against any form of protectionism, even during periods of economic difficulties.
“It’s in the best interest of everyone to have a free trade policy to be implemented. Any protectionist measures will have ramifications for consumers as well,” Al-Sadoun said.
The GPCA forum this year, which will focus on innovation, had attracted 1,300 delegates so far, representing a 23% increase in number of attendees from last year’s meeting, he said.
“This is a reflection of the prominence of the gulf region … as [the] centre of gravity for [the] petrochemicals business,” Al-Sadoun said.
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