EEC Imposes 13% Tariff on Bahraini Methanol
The European Economic Community (EEC) has imposed a 13% tariff with effect from 2 June on imports of Bahraini methanol (produced by the joint venture firm the Gulf Petrochemicals Industries Company - GPIC) after the duty free quota of 3.3mn ECU ($3,126,856) was exceeded under the Generalized System of Preferences (GSP). The EEC already imposes tariffs on a number of Saudi petrochemical products as follows: Methanol 13%; linear...
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