Saudi Arabia’s efforts to lift anti-dumping duties on petrochemical exports

18-Apr-13

The Jeddah Commercial Forum 2013 (JCF 2013), to be inaugurated on Saturday (April 20), at the Hilton Jeddah, will put strong emphasis on Saudi Arabia’s efforts to lift anti-dumping and subsidy duties imposed on petrochemical exports. Prince Abdul Aziz will elaborate during the sixth session aptly titled “Kingdom’s efforts to lift anti-dumping and subsidy duties imposed on petrochemical exports” – which has been added to the forum’s sessions – on the Kingdom’s initiative in anti-dumping and subsidy duties imposed on Saudi exports by some markets in Europe, India, China, Turkey, and Egypt. The session will highlight the team’s efforts and rounds of negotiations in order to accomplish its mission and resolve this issue. The sixth session is extremely important because the Kingdom tops the list of Gulf Cooperation Council (GCC) countries in terms of having the largest number of petrochemical projects. The total estimated cost of the projects that will be carried out in the Kingdom would reach US$53 billion (SR198.7 billion), US$12 billion for petrochemical projects, and US$41 billion for other projects.