India cancels probe on SABIC anti-dumping case

21/02/2016 Argaam

India’s ministry of commerce and industry has decided to cancel an investigation into claims that Saudi Basic Industries Corp. (SABIC) had been flooding the international market with its Ethylhexanol (2-EH)  products.

 

Prince Abdul Aziz Bin Salman, Saudi Arabia’s vice minister of petroleum and mineral resources, said the flooding margin is not large enough to warrant a fee imposed on the products.

 

The kingdom had also cooperated with Indian officials during the investigation process and provided all necessary information, he said in a statement.

 

In November 2014, India had launched investigations on its imports of Ethylhexanol-2 from Saudi Arabia, European Union, Indonesia, South Korea, Malaysia, Chinese Taipei, and USA.

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