The EU has levied new tariffs on the UAE, Iran and Pakistan for polyethylene terephthalate, on grounds that EU producers were impacted by subsidies and price undercutting. Subsidies on oil helps petroochemical companies in the Gulf make products at about a twelfth of the cost of their EU counterparts.
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Thursday, June 10, 2010
EU tariffs on UAE plastics exports kindles fears of trade protectionism in the euro zone
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