GPCA urges fair treatment of GCC MEG producers in India – ZAWYA

  • Date: 11-May-2020
  • Source: Zawya
  • Sector:Industrial
  • Country:GCC
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GPCA urges fair treatment of GCC MEG producers in India – ZAWYA

India is the second largest importer of GCC chemicals and accounts for over a third of total GCC export volume together with China.. The inconsistent investigative practices by Indian authorities on anti-dumping regulations raise serious concerns under World Trade Organization (WTO) rules and threaten to severely hurt GCC economies, jeopardising $543 million worth of mono ethylene glycol (MEG) imports, which is equivalent to 20 per cent of total chemical imports from the region into India, according to GPCA analysis.. On 6 April 2020, Indian authorities terminated the investigation for the sole imports from Saudi Arabia, and continued the investigation into imports from Kuwait, Oman and the UAE.. GPCA is urging the fair treatment of GCC MEG producers and calling upon Indian authorities to terminate the partial investigation into MEG imports from the remaining GCC states, in order to restore a level playing field for all producers and allow for the continuation of exports of MEG from the GCC to India in the future.. Dr Abdulwahab Al-Sadoun, Secretary General, GPCA, commented: "As the regional body for the Arabian Gulf chemical industry, GPCA calls for the immediate termination of the partial anti-dumping investigation into regional MEG imports into India..