EU drops anti dumping probe PET from Oman Saudi Arabia

EU drops anti dumping probe on PET from Oman and Saudi Arabia

1:50 AM, 3rd January 2012
EU drops anti dumping probe on PET from Oman and Saudi Arabia

 

BRUSSELS, BELGIUM: The European Union (EU) has terminated an anti-dumping and anti-subsidy probe on imports of PET products from Oman and Saudi Arabia, after a major leading European PET industry association withdrew its complaint. Last January, the committee of PET manufacturers in Europe (CPME) lodged a complaint with the EU alleging that PET imports from Oman and Saudi Arabia were being dumped in EU markets. The complaint also accused Oman’s Octal and Saudi Basic Industries Corp (Sabic) of receiving subsidies from their governments which allowed them to sell PET in the European market at a lower price.

(C) WOC News

 

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