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This position paper, grounded in demand elasticity, delves into the potential establishment of an FTA between the GCC and China, with a particular focus on its impact on the petrochemical industry. Recognizing the strategic significance of this industry in both regions, the paper advocates for a nuanced understanding of its implications within FTA negotiations. By analyzing demand elasticity within this scenario, the paper aims to identify the unique challenges and opportunities that the chemical sector may encounter, ultimately seeking to optimize the potential of GCC-China relations in this domain.