18 Muharram 1446 - 24 July 2024
Sign up for newsletter
Eye of Riyadh
Business & Money | Sunday 14 April, 2024 2:01 am |

Saudi Arabia imposes anti-dumping duties on 7 imports from 10 countries: Report

Saudi Arabia imposed anti-dumping duties on seven products imported from 10 European and Asian countries, six of which are subject to the unified GCC law to protect the industry from the damage caused by dumped and subsidized imports, Al-Eqtisadiah newspaper reported.


The products included all types of cement, including clinker, from all Iranian companies, with a dumping duty of 67.5%. The duties will be applied for a period of five years ending in June 2025.


The superabsorbent polymer products were also subject to anti-dumping measures on Saudi imports from five countries for five years, ending on March 3, 2028.


Furthermore, duties ranging from 6% to 27.7% were imposed on Chinese imports, while Belgian imports faced duties ranging from 8.3% to 40%. Singaporean imports also faced duties ranging from 13.6% to 21.2%, South Korean imports faced 124%, and French imports were charged 51% duties.


On the other hand, according to the unified GCC law, anti-dumping duties were applied to automotive batteries with a capacity of 35 to 115 amperes from South Korea at rates ranging from 12% to 25%, with measures ending on April 22, 2028, after being extended from April 2023.


Duties were also applied to cardboard imports from Spain and Poland, ranging from 24.6% to 34% for five years ending on April 30, 2024.


Saudi Arabia targeted ceramic tile imports from China with duties ranging from 23.5% to 76%, and also from India with duties ranging from 17.6% to 106%.


Saudi Arabia imposed a 33% anti-dumping duty on Chinese companies for aluminum alloy blends for five years ending on July 21, 2026, as well as duties on engine batteries with a capacity of 32 to 225 from India ranging from 8% to 41%, and a duty on the same product from Turkey at 39%, with procedures ending on September 30, 2027.



Source : ARgaam


Post Your Comment