JEDDAH: P.K. ABDUL GHAFOUR
Published — Monday 18 November 2013
Last update 14 January 2014 3:09 am
Saudi Arabia has won an anti-dumping case on petrochemical exports to India, Commerce and Industry Minister Tawfiq Al-Rabiah announced on Sunday.
“The ministry’s efforts, in coordination with the Saudi-based Chemanol Company, helped in ending the investigation launched by the Indian authorities,” he said.
He said New Delhi has agreed not to impose anti-dumping duties on Chemanol, the Kingdom’s only exporter of pentaerythritol. India had launched an investigation against the Saudi company on May 22, 2012 in light of complaints raised by local producers.
Abdul Rahman Al-Zamil, president of the Export Development Center, commended Indian authorities for adopting a realistic and positive approach to end anti-dumping cases against Saudi petrochemical exports.
“This will benefit end users of products made of petrochemicals in India and boost India’s exports,” Al-Zamil told Arab News. “We have won almost all antidumping cases thanks to the efforts of Prince Abdul Aziz bin Salman and Al-Rabiah,” he said.
Al-Rabiah highlighted the role played by the Saudi Embassy in New Delhi in solving the problem by coordinating with Indian authorities.
During the investigation, Chemanol was able to prove that it was not selling the product on a dumping rate as claimed by Indian firms.
During the recently concluded Saudi-Indian Joint Commission meeting, the Kingdom raised the issue again in a bid to remove obstacles facing bilateral trade.
“We are following up with similar cases faced by Saudi companies in India to boost Saudi exports to India,” the minister said.
In a previous statement, Prince Abdul Aziz, assistant minister of petroleum and mineral resources and head of the Saudi team dealing with anti-dumping cases, said the 18 cases filed against the Kingdom’s polyethylene terephthalate (PET) exports by some European countries, China, India and Turkey have been resolved through negotiations.