The chemical industry in the Arabian Gulf is largely export oriented. The industry has a 4.3% share in global chemical exports and trades with more than 100 countries worldwide, exporting over 73 million tons of chemicals annually. The GCC is a major hub for the production and export of chemicals. Therefore, having free access to global markets is a lifeline for the regional industry.
GPCA and its members advocate for open market policies, as we strongly believe that market liberalization will enhance trade by allowing individual producers from the Arabian Gulf to gain access to key markets, and the wider industry to earn greater returns. Such returns can be invested back into research and development and developing more value adding products or directly into the economy.