VOL. XXXII

NO. 8

28-NOVEMBER-1988

SAUDI ARABIA

EC to Eliminate Duty Free Quotas on Saudi Petrochemicals by l990

The European Community (EC) governments have agreed to reduce by 50% theduty-free ceiling on some Saudi petrochemical exports to Europe in 1989 and toeliminate the ceiling completely in 1990, an EC spokesman announced on 21November. The duty-free ceiling for Saudi petrochemical exports was set underthe Generalized System of Preferences, which is designed to help the exports ofdeveloping...