China’s anti-dumping tax on imports of methanol and butanediol (BDO) from Saudi Arabia, Malaysia, New Zealand and Indonesia has triggered a retaliatory step from Saudi Arabia. Saudi petrochemicals producers plan to seek duties on any similar imports entering the KSA from China. The move has come after China opened up an investigation into allegations of dumping methanol at below the production cost onto the Chinese market. While the anti-dumping claims are being investigated, the duties will apply. Methanol and BDO amount to 10-15% of Saudi Arabia’s exports of around US$2 billion of petrochemicals to China every year. China and Saudi Arabia's mostly duty-free bilateral trade surpassed US$40 bln in 2008.
06-Jul-09 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}