SAUDI ARABIA

SABIC Criticizes EEC Tariff on Polyethylene

The Saudi Basic Industries Corporation (SABIC) on 6 August issued a statement criticizing the European Economic Community (EEC) for imposing a 13.4% tariff on imports of Saudi linear low-density polyethylene (LLDPE) until the end of this year. In its first official reaction to last month's decision by the EEC Commission to impose a tariff on Saudi LLDPE effective 3 August, SABIC said that the EEC decision was based on...