Egypt Removes Anti-dumping Fees on Saudi Polypropylene

 
Egypt has decided to lift anti-dumping fees on polypropylene imports from Saudi Arabia as the measure was against its public interest, Prince Abdulaziz bin Salman, Assistant Minister of Petroleum and Mineral Resources for Petroleum Affairs, and also chairman of the committee concerning dumping and subsidy issues, was quoted by Saudi Press Agency.

The north African country has been investigating since April protective measures and anti-dumping fees imposed on Saudi imports due to claims that they are damaging its industry, Prince Salman said.

The investigation discovered that the damage was caused by other factors and that the measures against Saudi imports "were not in interest of the Egyptian public," SPA reported.The fees were imposed on several Saudi petrochemical makers such as Saudi Basic Industries Corp. (Sabic), the world's largest petrochemical maker, Rabigh Refining and Petrochemical Co. and National Industrialization Co.

Early last year, Turkey ended its anti-dumping claims on monoethylene glycol imports from Sabic after it confirmed that the firm was complying with all the regulations.The move came after India scrapped an anti-dumping duty on polypropylene exports from Sabic.