The Trade Remedies Department (Ministry of Industry and Trade) said that on March 11, the Philippine Customs Commission announced the next implementation plan in the case of considering the extension of safeguard measures for type 1 cement products and 1P grade imported from some countries, including Vietnam.
According to the plan, the submission of Form 5-A of the Tariff Commission (attached) and the adjustment plan of the domestic manufacturing industry is on March 17. On March 18-24, 2022, the investigating agency conducted on-site verification in both face-to-face and online forms.
The promulgation of the draft investigation conclusion and notice on the organization of the Public Hearing is expected to take place on March 25, 2022. The Public Hearing is scheduled to take place on April 1, 2022 and from April 4-7, 2022. By April 2022, the final conclusion of the Tariff Commission will be issued.
n order to best protect their legitimate rights and interests, the Trade Remedies Department recommends relevant businesses to actively study the announcement of the Tariff Commission.
At the same time, actively monitor and update case information. Regularly contact and closely coordinate with the Department to receive timely support, especially in case of unusual problems arise.
Previously, after an investigation, the Philippine Department of Trade and Industry (DTI) concluded that the amount of cement imports had increased dramatically, causing serious damage to the domestic manufacturing industry during this period.
In order to protect the domestic industry as well as promote the domestic industry to continue to develop, in early 2019, the Department of Commerce and Industry of the Philippines decided to apply a temporary safeguard measure of 8.40Php/bag. 40kg, equivalent to about 4 USD/ton for Vietnamese cement exported to this market.
ximang.vn (by Vneconomy)
