Free press releases distribution network?

Agency / Source: RNCOS E-Services (P) Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



EU to Abolish Gulf Aluminum Tariffs - Shrink Protection for Producers - Continuing negotiation between GCC and EU over the free-trade agreement are likely to end this year resulting in the elimination of tariff on aluminum imports to EU
EU to Abolish Gulf Aluminum Tariffs - Shrink Protection for Producers

 

PRZOOM - /newswire/ - Delhi, New Delhi, India, 2007/03/19 - Continuing negotiation between GCC and EU over the free-trade agreement are likely to end this year resulting in the elimination of tariff on aluminum imports to EU.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

A trade agreement between Gulf Cooperation Council (GCC) and European Union (EU) would lead to the abolition of tariffs on basic petrochemicals and aluminum imports to Europe, according to the Deputy Director for trade in EC, Karl Friedrich Falkenberg.

The 6% duty on the aluminum import to EU will be removed when a proposed free-trade agreement with the 6-nation GCC bring in this year.

A reduction in the tariffs would contract the protection for aluminum manufacturers within EU, including Alcan Inc., Alcoa Inc., Glencore International AG, Rio Tinto Plc., and Norsk Hydro ASA.

The world’s largest aluminum makers are shutting down their units in US and Europe to shift to the Middle East, a region with cheap energy and labor. Around one-third of the aluminum making cost is accounted by power only.

Falkenberg says European companies “are interested in producing aluminum here”, reported Bloomberg. Emirates Aluminum is making plans to construct the largest aluminum smelter of the world in UAE that would produce 1.4 million tons of aluminum annually.

A free-trade deal between the GCC and 27-nation EU has been in negotiations for over 15 years. Last year’s heated energy prices and increased trade between the two blocks has given the much-needed momentum to the negotiations.

The Gulf Times, on February 20, 2007, reported Falkenberg in Dubai on the sidelines of an aluminum conference saying, “I hope we will be able to conclude the negotiations in the first half of the year. (But) it is fairly clear to everyone that we need to see a little bit of movement by the GCC in the areas of services and investments.”

According to RNCOS report, “European Aluminum Market (2007)”, Europe saw a slump in the production capacity of primary aluminum due to strengthening power prices. This resulted in certain smelters having to shut down their operation facilities when contracts terminate, as the operations stop churning out profits. Considering such heightened prices, coupled with stringent legislation in Europe, Aluminum makers opt to shift their production facilities to other regions of the world.

The research report also discusses the current and past performance of the industry, country-wise industry analysis of the European aluminum market, and demand and supply analysis with statistical data.

About RNCOS

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: RNCOS E-Services (P) Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Mining/Metal/Mineral articles,
CATCH Visitors via Your Competitors Announcements!


EU to Abolish Gulf Aluminum Tariffs - Shrink Protection for Producers

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Shushmul Maheshwari 
+91 12 04224700 press[.]rncos.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RNCOS E-Services (P) Ltd securities in any jurisdiction including any other companies listed or named in this release.

Mining/Metal/Mineral via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From RNCOS E-Services (P) Ltd / Company Profile


Read Mining/Metal/Mineral Most Recent Related Press Releases:

Boliden Selects Metso to Supply Equipment for A New Surface Crushing Station to Aitik Copper Mine in Sweden
Metso's Upgraded PlantTriage Software Simplifies Real-time Performance Management and Strengthens Cybersecurity
Metso Supplies Key Minerals Processing Equipment to Tibet Julong Copper for One of the Largest Greenfield Copper Projects in the World
Metso's Reliable Neles BWX Butterfly Valve Meets Requirements of Various Process Industries
Metso Introduces Integrated Approach for In-the-pit Operations
Metso Introduces Advanced Solutions for Fine Classification in Wet Minerals Processing
Rockwell Automation Outlines Steps for Achieving a Connected Mine
Metso Signs Landmark Deal with the World's Largest Copper Miner Codelco in Chile
Metso to Continue the Exclusive Lokotrack Distributor Agreement with Garriock Bros in the UK
Steel Dynamics, Inc. Wins Metals Company of the Year - Platts Global Metals Awards

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today