VOL XXX

NO. 8

1-DECEMBER-1986

GENERAL

EEC to Apply Quota System on 1987 Gulf Petrochemical Imports

Foreign Ministers of the European Economic Community (EEC) on 24 Novemberannounced that in 1987 the quota system is to apply to imports of eightpetrochemical products from Saudi Arabia and other countries under the EEC'sgeneralized system of preferences instead of the more flexible present system ofsetting ceilings on duty-free imports of Gulf petrochemicals into Europe. Underthe new quota system...