Published April 26, 2021, 6:00 AM
The Department of Trade and Industry has initiated a preliminary investigation on imported cement from Vietnam after data showed “dumping” of cement prices to the Philippines is causing material injury to the domestic industry. The move is seen to cause a double whammy effect on Vietnam’s cement export to the country, which is currently being slapped with a permanent safeguard duty.
In a notice, DTI Secretary Ramon M. Lopez said the probe stemmed from “properly documented applications” from local cement manufacturers Cemex Philippines, Holcim Philippines Inc., and Republic Cement Builders and Building Materials Inc.
Trade and Industry Secretary Ramon Lopez. (ALFRED FRIAS/PRESIDENTIAL PHOTO FILE PHOTO)
Published January 4, 2021, 5:00 AM
The Department of Trade and Industry (DTI) has stood its ground stating it does not need the concurrence from the Tariff Commission (TC) to adjust a safeguard duty rate on a particular import that has been causing injury or serious threat to a domestic industry.
This was stated by Bureau of Import Services (BIS) Director Luis Catibayan when asked on the different stand by the TC over a decision by DTI Secretary Ramon M. Lopez to adjust the safeguard duty on the second year of the three-year definitive safeguard measure on imported cement.
MB File
Catibayan stressed that it is the “discretion of the DTI Secretary” and that the “DTI Secretary has the power to determine” the safeguard duty rate.
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