Duty hike impacts imports of PE, PP in Europe

摘要

With the hike in duty EU imports in January fell compared with December 2013. Starting From January 1, 2014 a revision of the EU customs regime, the Generalised Scheme of Preferences, resulted in EU customs tariffs for PE and PP rising from 3% to 6.5% for imports from Gulf Cooperation Council countries such as Saudi Arabia. The impact of the rise in duties on polyethylene and polypropylene imports was clear as EU imports in January fell compared with December, according to Eurostat data. Major GCC companies include Saudi Arabia's SABIC, Kuwait's Equate, Saudi Arabia's PetroRabigh and Qatar's Qapco.