Sunday, February 20, 2011

European Union threatens to impose tariffs against PET from Saudi Arabia and Oman

The European Union (EU) has threatened to impose tariffs against PET from Saudi Arabia and Oman, saying EU producers may be victims of subsidies and price undercutting, as per Bloomberg. The EU openedd probes into whether Saudi and Omani makers of polyethylene terephthalate (PET) get trade-distorting government aid and sell in the Euro 3 bln (US$4.

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