DTI: Duties on glass imports lowered 5%

The Trade Department has reduced the safeguard duties slapped on glass imports from China, Indonesia and Taiwan by 5 percent effective next month.

The amount of the definitive general safeguard measure for float glass for the third year of the extension period shall be reduced by 5 percent,” said Trade Secretary Peter Favila in an order published in newspapers.The order applies on clear float and tinted glass products from China and Indonesia and tinted float glass also imported from the two countries and Taiwan.

Favila said the new safeguard duty for clear float glass now stood at P3,583.83 per metric ton from P3,772.45. Tinted float glass imports, meanwhile, will be slapped a lower safeguard duty of P4,526.94 per MT from the previous rate of P4,765.20 per MT.

Safeguard duties are imposed in the form of additional tariff or quantitative restriction on the volume of imports.

The Trade Department in September asked the domestic industry, importers, exporters and other concerned parties to comment on the appropriate amount of safeguard measure for the third year of the extension period.

600450 DTI: Duties on glass imports lowered 5% glassonweb.com
Date: 23 January 2009
Source: Manila standard today

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