| Date: |
17-08-2010 |
| Subject: |
Indian import duties could start 'trade war' - GPCA chief |
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India will start a trade war if it endorses a proposal to slap a fresh round of import duties on Gulf polypropylene producers, the head of an industry trade group has warned.
India is mulling a proposal to place new duties on plastic imports from Saudi Arabia and Oman, after its ministry of industry and commerce concluded that the low costs of feedstock in the Gulf gave its petrochemical producers an unfair cost advantage.
The 140-member Gulf Petrochemicals and Chemicals Association (GPCA) has accused India of throwing up new barriers against trade and of breaching World Trade Organisation (WTO) rules.
Source : arabianbusiness.com
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