Saudi Cabinet lauds Turkish move to scrap anti-dumping duty

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Saudi Cabinet lauds Turkish move to scrap anti-dumping duty By TII News Service Mar 27, 2012 , Riyadh
THE Council of Ministers yesterday commended the Turkish government's decision to lift an anti-dumping duty imposed on Saudi petrochemical exports. The ministers are also satisfied that the trade practices comply with World Trade Organization (WTO) regulations. Culture and Information Minister Abdul Aziz Khoja announced the cancellation of all anti-dumping duties imposed by various countries on Saudi petrochemical exports. The Cabinet has also approved another agreement with Romania for the avoidance of double taxation and prevention of tax evasion, which was signed on April 26, 2011. It authorized Petroleum and Mineral Resources Minister Ali Al-Naimi to hold talks with his Jordanian counterpart to reach an agreement on technical cooperation in the geological and mining fields.

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