SAUDI ARABIA

EEC's Tariff on Saudi Methanol Imports to Continue 

The European Economic Community (EEC) has reimposed a 13.4% tariff on imports of Saudi methanol into the EEC market effective 23 January, following a decision to allow only 320,000 ECU ($224,448) worth of Saudi methanol to enter duty free in 1985, a ceiling that was exceeded early in January. Last June when the EEC ceiling for Saudi methanol exports was exceeded, a tariff of 13.5% was imposed and remained in force...