Gulf petrochems exports on track to rise | The National:
"Arabian Gulf petrochemical exports should increase by “a couple billion” dollars this year as Abu Dhabi completes an output expansion and a trade agreement takes effect, said a regional industry group.
GCC producers export about US$53 billion worth of the raw materials for plastics a year, mainly to manufacturing hubs in the East.
The Bali Package, a trade agreement to lower barriers to trade such as import tariffs and domestic subsidies, will also benefit Gulf producers by cutting clearance costs and shrinking lead times, cutting overall costs by 5 per cent, estimated Abdulwahab Al Sadoun, the secretary general of the Dubai-based Gulf Petrochemicals & Chemicals Association."
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