Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

GCC signs agreement with WTO to improve petrochemical industry  Join our daily free Newsletter

MENAFN - 03/02/2014

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) The GCC petrochemical industry is expected to see a growth in exports this year, according to Arab News.

The Trade Facilitation Agreement with the World Trade Organization plans to increase customs efficiency and revenue collection by reducing bureaucratic procedures.

The Gulf Petrochemicals & Chemicals Association (GPCA) Secretary General Abdulwahab Al-Sadoun said: "The WTO"s deal on trade facilitation, if implemented in its true spirit, will reduce the cost of all GCC petrochemical exports, thus easing the flow of goods across borders and cutting delays in international shipments, especially in the countries where Gulf chemical exporters have encountered difficulties in the past."

The agreement was estimated to be between USD400 billion and USD1 trillion as costs of trade are set to fall by 10 percent to 15 percent.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help