SAUDI ABABIA

EEC Tariff on Saudi Glycol Delayed 

The European Economic Community (EEC) has postponed its decision to impose its normal 13.4% tariff on imports of Saudi ethylene glycol. Although the Community's imports of Saudi ethylene glycol have surpassed the duty-free ceiling of 547,000 ECU ($473,915) by over 20 times as of October, the EEC has apparently been reluctant to impose the tariff formally because of the possibility of retaliation from Saudi Arabia and the Gulf...