China and Saudi Arabia reach preliminary agreement on anti-dumping allegations of petrochemical products

Zhong Shan, the Deputy Minister of the Ministry of Commerce of the People's Republic of China, and Abdullah Hamdi, Assistant Minister of Commerce and Industry of Saudi Arabia, concluded a four-day negotiation and reached a preliminary agreement regarding China’s anti-dumping allegations against Saudi Arabian petrochemical products. Both sides reportedly made some concessions during the talks, but the Chinese side emphasized the importance of Saudi companies providing the necessary information promptly to facilitate the resolution of the issue. Earlier this week, Saudi media and the exporting community expressed strong concerns over China’s anti-dumping investigations into Saudi petrochemical exports. Some non-governmental organizations even called on the Saudi government to consider implementing reciprocal measures against Chinese goods in response to the investigation. However, both parties have shown willingness to engage in dialogue and find a mutually acceptable solution. The outcome of these negotiations is seen as a positive step toward resolving trade tensions and maintaining stable economic relations between the two countries. Officials from both sides have stressed the importance of continued cooperation and transparency to ensure fair trade practices moving forward. The final decision on the case will depend on the information provided by Saudi companies and further discussions between the two nations.

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