Both countries have agreed to work together in determining whether the safeguards should be eliminated or not.This is part of Thailand’s request for us to remove the protective measure on their glass products,” Trade Secretary Peter Favila said.
Favila said Thailand and Filipino trade officials had met their Filipino counterparts and the review could start soon.
Asked if Thailand remains insistent on a compensation for the period, the Philippines has imposed the measure, Favila said Thai trade officials are not pursuing any compensation at this time but have hinted that the assessment might result in that.
“This [compensation] could be an outcome, but we will wait for the full review of the measure. But the Philippine government will continue to negotiate for us to resolve this issue,” he said.
Earlier, it was reported that Thailand had wanted compensation from the Philippines in addition to scrapping the existing safety nets on Thai-made glasses.
The country asked the Philippines during the Asia-Pacific Economic Cooperation meeting in Vietnam to remove its protective measures imposed on its glass products, arguing that there has been no rapid increase in glass imports to harm the Philippine glass manufacturing industry.
The Thai Department of Commerce has concluded that the Philippines must stop imposing safeguard duties on those products since imported glass in the Philippines has decreased from an approximate level of 1,500 tons to only about 200 tons a year.
Read the entire news on the source link below.