Saudi Arabia has filed a complaint with the World Trade Organization over anti-dumping duties imposed by the European Union on imports of a chemical compound used in the production of synthetic fibers and plastic bottles.
In the complaint of 17 August, which was circulated to the members of the The World Trade Organization last Thursday, Saudi Arabia reported that the European Union Unfair imposition of temporary anti-dumping duties on imports of ethylene glycol.
This chemical compound is used in a variety of industrial processes that include the production of polyester fibers and components for the production of plastic bottles.
It is also used in the production of engine coolant as an antifreeze, solvent and drying agent in gas pipelines, among other things.
The complaint accuses the European Union of using the wrong methodology to say that Saudi import prices are too low and insists that the tariffs have been a violation of international trade rules.
Dumping means that the exporting country sells a product or service to the importing country at prices below the locally charged price.
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