Turkey has canceled the anti-dumping duty which some Turkish companies called for and asked Turkey to impose fees on some Saudi petrochemical products, senior Turkish sources told Al-Eqtisadiya Arabic daily. This developed came 66 days after the announcement made by Prince Abdul Aziz Bin Salman Bin Abdul Aziz, Assistant Minister of Petroleum and Mineral Resources and head of the team in charge of support and dumping issues, that the European Commission issued two decisions to end the dumping fees and support cases raised against the Kingdom's exports of polyethylene. The first dumping case was raised against Sabic and the second case, support, was raised against the Saudi government. A Turkish source, who requested anonymity, said the last days have seen non-stop negotiations between both sides which resulted in Turkish companies withdrawing their demand for imposing fees on Saudi products. “We're optimistic about the future of business and economic relations with the Kingdom and we look positively at any problems that might face business sectors in both countries.” Prince Abdul Aziz Bin Salman said earlier a royal decree was issued to form a team from the ministries of Petroleum and Mineral Resources, Foreign Affairs, Commerce and Industry and Finance to negotiate with concerned countries about the issues of dumping and support.
