WTO Deal Boosts GCC Petchems, GPCA Says


GCC petrochem exports will receive a boost mid-year through new WTO global trade terms, according to Dubai-based Gulf Petrochemicals and Chemicals Association (GPCA). The WTO’s new Trade Facilitation Agreement, adopted in December at its Bali conference, introduces binding commitments among WTO members to increase customs efficiency and revenue collection by reducing bureaucracy.

GPCA Secretary General, ‘Abd...