SABIC Warns Against European Protectionism

The Saudi Basic Industries Corporation (SABIC) issued a statement on 12 January criticizing a paper released on 28 November 1984 by the European Council of Chemical Manufacturers' Federation (CEFIC) which urged the EEC to monitor Saudi sales of petrochemicals in Europe and called for protection from excessive imports. The text of the SABIC statement is as follows:

"After making the usual and apparently good start of...