1 Day
Source:
الاقتصادية
Saudi and Gulf steps to safeguard industry
The article focused on Saudi Arabia's and the Gulf Cooperation Council (GCC) countries' efforts to combat dumping through investigations and protective measures for local industries. Saudi Arabia announced the imposition of definitive duties on imports of ductile iron pipes and tubes originating from India, ranging from 16.96% to 29.94% for five years, aimed at safeguarding the industry from unfair trade practices. The Kingdom is also investigating imports of epoxy resins and easy-open aluminum foil for beverage cans, as well as ductile iron pipes from India, to uncover dumping practices and their impact on the local market. Simultaneously, Saudi Arabia is implementing four final measures, including tariffs on products such as titanium dioxide, stainless steel pipes, and PVC fabrics, with rates between 6.5% and 45%, valid until 2030. At the GCC level, the technical secretariat is conducting two investigations and applying measures on products like ceramics, batteries, and aluminum, with some duties reaching up to 124%. China is the primary target, accounting for more than half of the investigations and measures, due to its high industrial exports to the region. Other countries have diverse measures ranging from investigations to final duties, all aimed at protecting strategic industries from harmful practices.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)