Cement exported to the Philippines is no longer subject to safeguard duty

TC concluded during the review period, cement imported from countries, including Vietnam, did not cause serious damage or threaten to cause serious damage to the cement manufacturing industry of the Philippines.

Based on the investigation conclusions and recommendations of China, the Philippine Department of Industry and Trade decided not to extend the safeguard measure. The safeguard duty on cement imported into the Philippines expired on October 22, 2022.

Before that, at the end of 2018, thinking that the amount of cement Vietnam imported into the Philippines was too large, causing damage to domestic production, the country initiated an investigation to apply safeguard measures against Vietnam's cement. The investigation period to consider the increase in imports is the period 2013 - 2017.

Illustrated photo. Source: Internet

The Philippine Department of Industry and Trade said that such an increase in imports was the main cause of serious damage to the country's domestic cement industry, reflected in the decline in market share, revenue, and profit. as well as the selling price of domestic cement.

By mid-2019, the Philippines had imposed a tax on cement imported from Vietnam with a tax rate of 250 pesos/ton (equivalent to 4.8 USD/ton) in the first year, and reduced to 225 pesos in the following year and remaining. 200 pesos for the third and final year.

On March 11, 2022, TC announced the next implementation plan in the case of considering extending safeguard measures for Type 1 cement (AHTN code 2523.29.90) and Type 1P cement (AHTN code). 2523.90.00) imported from a number of countries, including Vietnam.

haiquanonline.com.vn

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