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Abstract

Petrochemical products, particularly plastics, contribute to a significant share of expanding and increasingly diverse trade flows between the Gulf Cooperation Council (GCC) countries and China. The petrochemical sector could benefit from a preferential bilateral trade regime between China and the GCC, but has been a bone of contention in the GCC-China Free Trade Agreement (FTA) negotiation process. This study applies a dual-stage model of import demand functions to estimate the impact of trade liberalization scenarios, within an FTA framework, on China’s imports of major plastics from the GCC and the rest of the world. It assesses the implications of these scenarios for all parties.

Authors

Philipp Galkin

Visiting Researcher Philipp is a visiting researcher at KAPSARC, working on the economic and policy aspects of energy supply and trade. Philipp’s… Philipp is a visiting researcher at KAPSARC, working on the economic and policy aspects of energy supply and trade. Philipp’s work at KAPSARC includes evaluating the effect of preferential trade agreements on energy flows, analysis of OPEC energy policy and deriving insights related to China’s energy policy and its impact on global markets through modeling energy supply sectors.

Expertise

  • International economic relations
  • Regional and country studies and policy analysis

Publications See all Philipp Galkin’s publications

Carlo Andrea Bollino

Visiting Researcher Carlo Andrea is a visiting researcher at KAPSARC, a professor of economics at the University of Perugia, and a professor of energy economics… Carlo Andrea is a visiting researcher at KAPSARC, a professor of economics at the University of Perugia, and a professor of energy economics at the University Luiss, Rome. He has been the president of the Italian Association for Energy Economics since 2014 and was the president of the International Association for Energy Economics in 2008. His other roles have included energy advisor to Italy's minister of industry, president of the Italian Electric Transmission Network, chief economist at Eni, economist at the Bank of Italy, research associate at United Nations' Project LINK, and lecturer and professor of economics at the universities of Pennsylvania (United States), Campobasso, Sassari and Urbino (Italy). Carlo Andrea's research investigates econometric modeling, consumer behavior, energy markets, sustainable and renewable energy, liberalization and regulation policy. He has authored over 200 scientific articles, is the chief editor of the Review of Economics and Institutionsand a member of the editorial board of Energies.

Expertise

  • Econometric modeling
  • Consumer behavior
  • Energy markets
  • Sustainable and renewable energy
  • Liberalization and regulation policy

Publications See all Carlo Andrea Bollino’s publications

Rami Shabaneh

Senior Research Associate Rami Shabaneh is a senior research associate with a focus on global gas and liquids markets. Rami has over 13… Rami Shabaneh is a senior research associate with a focus on global gas and liquids markets. Rami has over 13 years of research and industry experience analyzing energy markets and energy policy. Before joining KAPSARC, Rami worked at Cenovus Energy as a market fundamentals analyst, providing analytic support on specific issues affecting North American gas, natural gas liquids and condensate markets. His work informed the company’s hedging strategies. Before working at Cenovus Energy, Rami spent three years as an integral member of the fuels and power research team at the Canadian Energy Research Institute. He holds an M.Sc. in sustainable energy development from the University of Calgary.  

Expertise

  • Oil and Gas Markets
  • Petrochemicals
  • Hydrogen

Publications See all Rami Shabaneh’s publications

Crude Oil and Refined Products

Crude Oil and Refined Products

Petrochemical products, particularly plastics, contribute to a significant share of expanding and increasingly diverse trade…

6th April 2020
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