In 2011, China's oil and chemical industry began a good economic operation, with rapid growth in output value and active import and export trade. However, in the first quarter, the situation in North Africa and the Middle East was turbulent, and the strong earthquake in Japan hit the global industrial chain. The impact on the supply of petrochemical products was huge, and the trading environment of the global petrochemical industry tended to deteriorate. According to the statistics of China Trade Relief Information Network, in the first quarter of 2011, nine cases of trade remedy investigations initiated by foreign countries involved petrochemical products, including 3 cases involving petrochemical products, accounting for 33.3% of the total, and ranked first in the industry with metallurgy. Among them, there were 2 cases of anti-dumping cases and 1 case of safeguard measures involving China.
It is worth mentioning that the EU has conducted anti-dumping investigations of oxalic acid twice. In 1987, the European Union conducted an anti-dumping investigation against oxalic acid, and in 1988 both parties reached a price commitment agreement. After a lapse of 23 years, the EU once again conducted an anti-dumping investigation against oxalic acid. Turkey had also previously conducted trade remedy investigations on China Poly Ethylene Terephthalate, and in December 2004 Turkish anti-dumping investigations were conducted on polyethylene terephthalate of Turkey. In January 2006, Turkey made an anti-dumping decision on the case. Currently, anti-dumping measures are still being implemented. When Turkey's polyethylene terephthalate anti-dumping measures were not yet over, Turkey again launched a safeguard investigation into the product.
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