China's petrochemical industry duty security threat - china CFA Equipment - Core Drilling Rig manufa

"If the FTA negotiations unconditionally accept the requirements of petrochemical products in zero-tariff will enable the petrochemical industry in China got hit, the domestic petrochemical enterprises will be severely squeezed profit margins, and petrochemical industry will fall into complete loss." Eleventh National People's Congress , Chang Chun Yong, general manager of Qilu Petrochemical revealed in FTA negotiations, the Middle East, Japan, South Korea, and asked petrochemical tariffs to zero, China once accepted, it's survival of the domestic petrochemical industry and the development of a significant impact on directly affect the safety of the domestic petrochemical industry.
    He suggested that, from the reality of China's petrochemical industry, in particular, the FTA China - GCC FTA negotiations, adhering to the bottom line and a reasonable compensation package. He also said, Qilu Petrochemical will earnestly implement the Prime Minister's government work report, strong structural adjustment, to provide effective protection for scientific development.

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