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Industry associations in the region stated that there is currently widespread concern that the implementation of this policy will affect the market share of some of the member countries. This concern has caused plastic producers in the ASEAN region to remain highly cautious about removing this trade barrier.
Both internal and external concerns Polyolefin producers in the ASEAN region are most concerned about the competition from Singapore and Thailand, the two largest plastic resin producers in the region, and a large number of newly added polyolefin production capacity will be put into operation this year and next year. A polyolefin producer in Malaysia stated that their greatest concern is the increased competition from neighbouring Singapore.
Singapore currently has three plastic resin manufacturers exporting polyolefin products to Malaysia, namely ExxonMobil, Polyolefins, and Chevron Phillips. Once the new ExxonMobil plant is put into operation in 2011, Singapore will have more than 2 million tons of PE per year and more than 1 million tons of PP per year.
On the other hand, Thailand's PTT Chemicals and Siam Cement Group will begin production of the new polyolefin plant by the end of 2010. By that time, Thailand's PE capacity will increase to 3.6 million tons/year, and PP capacity will increase to 1.95 million tons/year. A polyolefin producer in Indonesia said that the key to the current issue is whether Thai polyolefin producers will sell all new polyolefin production capacity to the Southeast Asian market or strategically explore other global markets.
Afraid of foreign trouble Thai polyolefin producers are concerned that a large number of newly added polyolefin production capacity in the Middle East has begun to export products to the Asian market, which will affect their share in the local market.
The Thai Petroleum Institute (PTIT) stated that Thailand only charges 5% of the import tariffs on polyolefin products from the Middle East. The lower raw material costs make the plastics producers in the Middle East more competitive than Thai producers.
Konrad Scheidl, CEO of Maack Business Services in Zurich, stated that by 2015, PE and PP capacity in the Middle East will more than double, reaching 22.6 million tons/year and 9.9 million tons respectively. year. The share of global PE production capacity in the Middle East will increase from 13% in 2008 to 19% in 2015, which will become the world's largest PE production area. At the same time, the share of PP production capacity will also increase from 9% in 2008. By 13% in 2015, it has become the world's fourth largest PP production area after Asia-Pacific (excluding China), China, and Western Europe. The production of a large number of new capacity in the Middle East in the next few years will lead to a surplus of 18.5 million tons/year of PE capacity in the region in 2015 and a surplus capacity of 6.5 million tons/year of PP, which will greatly increase the Middle East region to become the world's leading exporter of petrochemical products. The status.
The future is uncertain. Alfonso Siy, chairman of the Philippines Plastics Industry Association (PPIA), stated that in the Philippines, as long as any local resin manufacturer applies to the court for a "provisional ban," the current 10% of the import tariffs may be resumed.
According to Budi Susanto Sadiman, secretary-general of the Indonesian Olefins and Plastics Industry Association, if the zero tariff policy leads to a decline in the competitiveness of local polymer producers, Indonesia may also resume the 5% tariff on polyolefins imported from ASEAN countries. The Indonesian government will investigate the post-implementation situation in the first quarter of next year.
Lim Kok Boon, chairman of the Malaysian Plastic Manufacturers Association (MPMA), said that the country’s Ministry of International Trade and Industry has confirmed that Malaysia has promised to cancel 5% import duties, including finished plastic products, from January 1, 2010, in accordance with the ASEAN Trade Agreement. And resin. He pointed out that if plastic finished products achieve tariff-free trade and impose import duties on resins, Malaysian plastic processors will be in a disadvantageous position.
PTIT stated that if Indonesia resumes the 5% import duty on ASEAN polyolefins, Thailand's resin makers seem unlikely to lobby for retaliatory measures because their biggest concern is competition from the Middle East.
A spokesperson for the Singapore Chemical Industry Council (SCIC) said that if Indonesia or any member of ASEAN decides to postpone the implementation of the zero-tariff policy, Singapore's resin makers will seek further government negotiations to obtain a favorable result. . The press spokesperson said: “The key to the current situation is the competitiveness of Southeast Asian producers, especially the establishment of an equal competitive environment in the region. We feel that the implementation of the zero tariff policy will benefit Singapore’s manufacturers, but it’s even more important. The point is that this policy is conducive to enhancing our competitiveness and thus promoting the development of the ASEAN plastics industry."
Plastic resin producers in Southeast Asia are currently tightening their nerves to welcome the implementation of zero-tariff policies in the region starting from January 1, 2010. However, most producers hope that the policy can be postponed until 2015. The six member countries of ASEAN, including Singapore, Indonesia, Malaysia, the Philippines, Thailand and Brunei, have agreed to cancel import tariffs on a range of products including polyolefins in accordance with the requirements of the free trade agreement from 2010.
July 16, 2024