"India ignored the feedstock cost provided by Saudi Arabia and came up with its own overstated estimates of the production cost of polypropylene, even though the Kingdom's feedstock pricing mechanism is completely in compliance with WTO agreements, " said Abdulwahab Al-Sadoun, Secretary General of the Gulf Petrochemicals and Chemicals Association (GPCA).
The Indian approach artificially inflated the normal value, leading to the determination of the anti-dumping margins, he said. He noted the methodology employed by India was in breach of the WTO Anti-Dumping Agreement and the WTO legislation on Prevention of Unfair Competition in Importation and that the Indian decision would be struck down by a WTO dispute settlement panel.
He stressed that the Gulf Cooperation Council (GCC) region is not engaged in dumping in India or anywhere by any means. Sadoun indicated that GCC will take appropriate measures to put an end to this false dumping claim against GCC by resorting to a range of options available to them, including dispute resolution through the WTO dispute settlement system.
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