MEDIA RELEASE PR36519
GPCA Challenges Anti-dumping Charges Raised by China, India and EU
DUBAI, Oct. 12 /PRNewswire-AsiaNet/ --
Gulf Petrochemicals and Chemicals Association (GPCA), the regional
umbrella organization of petrochemical and chemical producers in the region,
has launched an initiative to challenge what it described as protectionist
measures in the garb of anti-dumping procedures launched by China, India and
the European Union (EU) against exports from countries in the region.
The GPCA's strong statement today comes in the wake of recent moves by
China and India against petrochemical exporters based in Saudi Arabia and
Oman. China and India have sought to protect their domestic industries by
initiating anti-dumping measures while more recently, the EU has launched
anti-dumping cases against producers in the United Arab Emirates and Iran.
GPCA's statement is significant as the association is the region's voice
on issues and challenges that face the petrochemical and chemical industry,
which is a key pillar of the regional economies.
GPCA Secretary General Dr. Abdulwahab Al-Sadoun said the Association is
concerned about the potential impact of these protectionist measures on the
global petrochemical and chemical industry and the downstream consumers in
China and India. "GPCA will strengthen coordination with GCC Governments to
ensure that exports of petrochemicals and chemicals from the Gulf region are
not restricted by anti-dumping regulations and other trade restrictions," he
said.
"The GCC industry and our governments will not accept the
application of anti-dumping regulations against exports of petrochemicals and
chemicals from the Gulf. We have seen a surge in protectionist actions
brought by countries to block imports. These cases are baseless and violate
international rules," Al-Sadoun said.
As part of its initiative, GPCA will investigate and recommend
specific actions that should be taken against trading partners that restrict
GCC petrochemical and chemical exports. The anti-protectionist initiative
will continue to be a key aspect of GPCA's mandate for sharing information,
analysing trends and giving a common voice to the GCC industry.
GPCA has instituted an Advocacy Committee that will adopt a
system to alert members about anti-dumping cases and work closely with GCC
governments and the GCC Secretariat to defend the regional industry against
such unwarranted actions.
Note to Editors:
(To access the full version of the GPCA press release, please
SOURCE: Gulf Petrochemicals and Chemicals Association
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