VOL. XXXII

NO. 11

19-DECEMBER-1988

SAUDI ARABIA

SABIC Criticizes EC Decision to eliminate Duty-Free Quotas for SaudiPetrochemicals

The Vice Chairman and Managing Director of the Saudi Basic IndustriesCorporation (SABIC), Mr. Ibrahim ibn Salamah, has criticized the recent decisionby the European Community (EC) to phase out by 1990 the duty-free ceiling onsome Saudi petrochemical exports to Europe (MEES, 28 November). The EC decisionwas for a 50% reduction in the duty-free ceiling on Saudi...