Although the EU Summit that concluded October 16th, 2026 yielded a concession from China to reduce exports of electric vehicles to Europe by almost half, the European Commission was charged with creating, “without delay”, new and possibly severe trade defense instruments to counter imports of other products, including chemicals. Details and what, if any, polymers were included were not provided (The Straits Times).
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PET and PTA Trends in Global Trade in 2023
The volume of global trade in both products is projected to be lower in 2023 than in 2022, with profound shifts in flows between regions.
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