GCC begins anti-dumping investigation into Chinese pipes

      Published on Saturday, 29 April , 2017      84 Views     
GCC begins anti-dumping investigation into Chinese pipes

  • World

The Gulf Cooperation Council has begun an anti-dumping investigation covering non-welded pipe imports from China used for oil and gas exploration.

UAE state news agency WAM reports that the investigation was announced by Khalifa bin Said Al-Abri, assistant secretary-general, economic and development affairs following recommendations from the Office of the Technical Secretariat.



It includes iron and steel pipes with a radius not exceeding 16 inches, according to the publication.

“GCC countries are strengthening laws and actively investigating offenders to protect new and growing industries from a flood of cheap imports as part of wider efforts to diversify their economies by establishing robust industrial platforms,” WAM said.

The investigation follows an anti-dumping law proposal from the UAE’s government advisory council in January to protect industry in the country from foreign goods flooding the market.

Abdulla al-Saleh, undersecretary for foreign trade and industry at the country’s economy ministry, said in November that the GCC states were studying whether to raise import duties on steel to protect local producers.

This followed an announcement from the US International Trade Commission that it would be taking measures against the UAE, Oman and Pakistan relating to circular welded carbon-quality steel pipes.

“There is a proposal on the table and GCC members are studying it. Hopefully, they will reach the agreement which is not about protecting the market but it’s protecting the fair competition in the market,” Saleh was quoted as saying.

Chinese producers, which account for around half of global supply, have been blamed for a slump in global steel prices after flooding export markets.

The Gulf countries have traditionally kept steel tariffs low to support the construction sector.



http://gulfbusiness.com/

Keywords:
Category World | 2017/04/29 latest update at 9:00 PM
Source : | Photocredit :
85 Views
Comments Add comment



Related Articles

The editorial staff of Qatar Today would like to give all of its readers from Gulf and Qatar and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Qatar Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Qatar, the Gulf and the world.


HH the Amir Inaugurates Water Security Reservoirs Project Emir

HH the Amir Inaugurates Water Security Reservoirs Project

HH the Amir Sheikh Tamim bin Hamad Al Thani inaugurated the Water Security Mega Reservoirs Project, during a…

Qatar Emir Skips Gulf Meet Hosted By Saudi Arabia Doha News

Qatar Emir Skips Gulf Meet Hosted By Saudi Arabia

Qatar’s emir skipped a summit in Saudi Arabia on Sunday with fellow Arab Gulf leaders whose boycott of…

Qatar’s emir receives invite from Saudi king to attend Gulf Arab summit Emir

Qatar’s emir receives invite from Saudi king to attend Gulf Arab summit

Qatar’s emir, Sheikh Tamim bin Hamad Al Thani, has received a written invitation from Saudi Arabia’s King Salman…

Turkey’s Erdogan hails Qatar emir as ‘friend in times of trouble’ Emir

Turkey’s Erdogan hails Qatar emir as ‘friend in times of trouble’

Turkey’s president hailed close ally Qatar as a “friend in times of trouble” as he met with the…

GULF TV

Popular in GULF TV

About DFI

3149 Views

Doha Film Institute is dedicated to film appreciation, education, and building a dynamic film industry in Qatar that…

Latest videos in GULF TV

Events

Qatar Events

Lifestyle

Life

Culture

Culture News

Sport

Sport

Science & Technology

Science & Technology

Government

Government News