Gov’t extends glass safeguard duties

THE TRADE department has agreed to continue imposing duties on imported flat glass for another four years to protect local manufacturer AGC Flat Glass Philippines, Inc.

Adjusted safeguard duties will be slapped on imported float glass this month according to copies of department orders made available to BusinessWorld. Duties on figured glass, meanwhile, will be imposed in the second quarter as long as the firm resumes production of the product by then.

The orders -- signed by Trade Secretary Peter B. Favila in January and published on February 5 -- heeded petitions made in late 2009 by the country’s sole glass pane maker for the government to exhaust the maximum 10-year period for safeguard duties. 

"The final extension of the definitive general safeguard measure is in the public interest," the department order covering float glass stated.* While the firm has benefited from years of tariff protection first implemented in 2003, "rising fuel and raw materials and very low priced imports have adversely affected the industry’s cost competitiveness".

"Thus [AGC Flat Glass Philippines] has not fully realized the full potential of its cost savings from the efficiency measures implemented. It requires more time to undertake the improvements committed in its adjustment plan," the order stated.

Read the full story.

600450 Gov’t extends glass safeguard duties
Date: 22 February 2010

See more news about:

Others also read

We look forward to working with you in the New Year and assisting you in any way that we can to ensure the continual success of your business!Best wishes for a Happy Holiday Season and our sincere thanksfor your support and goodwill throughout the year!We will come back with fresh news on January 3, 2011.
Safti First, San Francisco, leading manufacturer of fire rated glass and framing solutions, is proud to announce the release of the mySAFTI app, an interactive design tool that takes the guesswork out of choosing the correct fire rated glass product.
The National Fenestration Rating Council (NFRC) announced that Steve Johnson, John McFee, and Joe Jonely will serve as committee chairs for the ratings, accreditation and certification policy committees respectively.
Company signs an exclusive license with Kelowna Motors, a well-established and highly reputable British Columbia- based MAZDA Dealer Diamon-Fusion International, Inc. (DFI Nanotechnology), global developer and exclusive licensor of patented hydrophobic nanotechnologies, announced today it has signed an exclusive license with Kelowna Motors, a well-established and highly reputable British Columbia-based MAZDA dealer, according to Guillermo Seta, corporate vice president and executive director.
The Middle East market is becoming a new and promising destination for local construction material producers to explore in the coming years.
Top Gear Live is a live arena show of the award winning TV program Top Gear. The live show features breath-taking stunts, remarkable special effects and epic driving sequences.

Add new comment