DTI slaps duties on cement from China, Indonesia

MANILA, Philippines – The Department of Trade and Industry imposed P349-per-ton safeguard duties on cement imports from China and Indonesia after shipments exceeded exemption thresholds. DTI announced the change through Department Administrative Order No. 26-03, dated May 20, which expanded the safeguard duty on ordinary portland cement and blended cement to include China and Indonesia. READ: Safeguard duty on cement won’t raise prices, say firms Under existing rules, developing countries are exempt from the safeguard measure if their share of total imports of the product remains below 3 percent. However, DTI monitoring showed that China’s share of cement imports rose to […]... Keep on reading: DTI slaps duties on cement from China, Indonesia