Faisal Al-Muhaidib, Director of the GCC Office of Technical Secretariat to Combat Harmful Practices in International Trade
The GCC market witnessed, during the first half of this year, dumping practices on several commodities, mainly electrical plug products, aluminum panels, sanitary ware, car batteries, glass sheets, and ceramic tiles, Director of the GCC Office of Technical Secretariat to Combat Harmful Practices in International Trade Faisal Al-Muhaidib told Argaamin an interview.
Anti-dumping investigations showed that dumping of imports coming from China and India caused clear significant damage to Gulf industries related to these products.
Al-Muhaidib stated that the technical secretariat office carried out 20 investigations to protect the Gulf industry, which resulted in collecting more than SAR one billion in fees to combat harmful practices. These amounts contributed to enhancing the protection of domestic industries and preventing the damage they may be exposed to due to these practices.
He added that the office succeeded in protecting Gulf investments worth more than SAR 30 billion, through rapid and effective intervention to prevent harmful practices that threaten the continuity of these investments in the Gulf market.
Rebar, petrochemicals, ceramics, aluminum and car batteries sectors were the most affected by dumping, Al-Muhaidib also noted.
Below are the details of Al-Muhaidib’s interview with Argaam:
Q: How does the Technical Secretariat define dumping? What are the criteria used to determine whether there is a dumping of a good?
A: Dumping is the import of a product by the GCC market at a price lower than its normal value in the exporting country in the course of normal trade.
The criteria used to determine dumping of goods are that it is imported at a dumping price, that is less than the normal value in the country of origin, there is material damage to the GCC industry, and that there is a link of causality between the material damage to the industry and the dumping prices.
Q: What is the domestic and international legal framework that the GCC countries rely on to combat dumping?
A: The local legal framework is the GCC Common Law on Antidumping, Countervailing Measures and Safeguard Measures and Its Rules of Implementation, while the international framework is the World Trade Organization Anti-Dumping Agreement.
Q: What are the main commodities or materials that were subject to dumping in the GCC market during the first half of the year?
A: Mainly aluminum products, sanitary ware, car batteries, glass sheets, and ceramic tiles.
Faisal Al-Muhaidib, Director of the GCC Office of Technical Secretariat to Combat Harmful Practices in International Trade
The GCC market witnessed, during the first half of this year, dumping practices on several commodities, mainly electrical plug products, aluminum panels, sanitary ware, car batteries, glass sheets, and ceramic tiles, Director of the GCC Office of Technical Secretariat to Combat Harmful Practices in International Trade Faisal Al-Muhaidib told Argaamin an interview.
Anti-dumping investigations showed that dumping of imports coming from China and India caused clear significant damage to Gulf industries related to these products.
Al-Muhaidib stated that the technical secretariat office carried out 20 investigations to protect the Gulf industry, which resulted in collecting more than SAR one billion in fees to combat harmful practices. These amounts contributed to enhancing the protection of domestic industries and preventing the damage they may be exposed to due to these practices.
He added that the office succeeded in protecting Gulf investments worth more than SAR 30 billion, through rapid and effective intervention to prevent harmful practices that threaten the continuity of these investments in the Gulf market.
Rebar, petrochemicals, ceramics, aluminum and car batteries sectors were the most affected by dumping, Al-Muhaidib also noted.
Below are the details of Al-Muhaidib’s interview with Argaam:
Q: How does the Technical Secretariat define dumping? What are the criteria used to determine whether there is a dumping of a good?
A: Dumping is the import of a product by the GCC market at a price lower than its normal value in the exporting country in the course of normal trade.
The criteria used to determine dumping of goods are that it is imported at a dumping price, that is less than the normal value in the country of origin, there is material damage to the GCC industry, and that there is a link of causality between the material damage to the industry and the dumping prices.
Q: What is the domestic and international legal framework that the GCC countries rely on to combat dumping?
A: The local legal framework is the GCC Common Law on Antidumping, Countervailing Measures and Safeguard Measures and Its Rules of Implementation, while the international framework is the World Trade Organization Anti-Dumping Agreement.
Q: What are the main commodities or materials that were subject to dumping in the GCC market during the first half of the year?
A: Mainly aluminum products, sanitary ware, car batteries, glass sheets, and ceramic tiles.