"We have outlined our position to the Indian authorities and we want a resolution. We will soon be approaching the WTO," he said. Al Sadoun declined to clarify whether a formal protest had already been lodged with the WTO, and whether India had responded.
GPCA is the umbrella organization of Persian Gulf-based petrochemicals producers.
Al Sadoun said the GPCA was open to working with the Persian Gulf-based countries to impose counter duties on Indian exports to the region which include petrochemical products, textiles and metals.
In an order issued by the Department of Revenue of India on July 30, 2009, India finalized raising tariffs on import of polypropylene from Oman, Saudi Arabia and Singapore to $ 977.67/mt, but has yet to implement them.
The action followed a petition filed by Reliance Industries and supported by Haldia Petrochemicals.
Oman Polypropylene, an Oman based polypropylene producer was later exempted from the duty. India's polypropylene needs are currently estimated at about 1.5 million mt/year, only a fraction of which is currently met by the Persian Gulf based producers.
China Chemical Weekly: http://news.chemnet.com/en/detail-1411716.html
