LONDON (ICIS)--Click here to see the latest blog post on Asian Chemical Connections. The world’s biggest trading bloc is being built, comprising 65 countries and accounting for 40% of global GDP. Being outside this bloc – China’s One Belt, One Road (OBOR) initiative – could thus have major implications for petrochemicals producers. This will be especially the case if a trade war develops between the West and the developing countries that make up most of the OBOR. Such a trade war is a very real possibility.
Editor’s note: This blog post is an opinion piece. The views expressed are those of the author, and do not necessarily represent those of ICIS.