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Saudi Arabia, Turkish products have a long time for importers and logistics companies in the pressure of indifference on the country of their, since October 1 originating in Turkey after the claim was not allowed to log in any product carrying the display area citizens buy a house in Turkey, Arab investors ‘buy houses’ edition It was stated that yes. Following these events, the Ministry of Commerce opened a dumping investigation into the application of PETKİM claiming that it reduced the prices of low-density polyethylene imports to Saudi Arabia. At the end of the investigation, if the allegations are found to be true, an additional tax per tonne may be imposed on imports from this country as an anti-dumping measure.
MOST TO S.ARABIA
The investigation refers to the opening of the world, the only Turkish manufacturer of the largest polyethylene importer, 51 percent of the Azerbaijani oil company Socar has owned Petkim. The Ministry of Commerce announced yesterday that it opened a dumping investigation against low-density polyethylene (LDPE) originating in the Kingdom of Saudi Arabia, based on the request made by the national producer Petkim, within the framework of the Communication on the Prevention of Unfair Competition in Imports. LDPE, a flexible and non-wrinkle plastic, is used in the production of many plastic products such as toys, film bottles, luggage, frozen food containers. Turkey exports most of this product from Saudi Arabia. In the statement, in which it was stated that the export price of the product decreased significantly in the period 2017-2019 and 2018-2020 (6 months), and that Saudi Arabia has an important position in the global market with its capacity to production, it was stated that “imports carried out in the first 6 months of this year cut the prices of the domestic industry.” attracted attention.
BROKEN PETKIM INDICATORS
Petkim’s assessment made using information, documents and evidence regarding the loss was summarized as follows: “Amount of domestic sales and production of Petkim in 2019 compared to 2017, domestic unit sales price, profitability of the product of national sales, total unit profitability. Basic economic indicators such as product cash flow and capacity utilization rate have been found to deteriorate. In addition, it was observed that some economic indicators such as the production amount of the domestic industry, the domestic unit sale price and the capacity utilization rate deteriorated in the first 6 months of 2020 compared to the first 6 months of 2019.
In light of the evidence presented at the application stage and the determinations made based on official import statistics, it was evaluated that the alleged dumped import caused pecuniary injury / threat of injury in the economic indicators of the domestic industry “.
SLEEP is RULES OF TURKEY
“Is this request a response investigation against Saudi Arabia?” “Petkim had made this app before. Saudi Arabia ranks first in supplying this product in our country. In the exam, it was decided to open an investigation by finding the data in the application consistent. Turkey is a country that already complies with international trade standards. If it is understood that you were not dumping in the investigation, you cannot take precautions. Otherwise, it is inevitable that you will be punished as a country ”.
TEMPORARY MEASURES CAN BE TAKEN
At the end of the investigation, officials stated that an additional tax per kilo or ton can be imposed on imports from this country as a measure of dumping, and that the investigation could take 12 to 18 months depending on the responses of other participants, and that these investigations were completed in an average of 9 months. They claimed that if Saudi Arabia does not cooperate in this process, the investigation may end sooner. However, officials said that if it is decided that “if the measure is delayed, there will be damage that is difficult to compensate,” precautionary measures can be taken after 60 days.
FREEDOM
