Cement manufacturers warn tariff safeguard removal

Cement manufacturers warn tariff safeguard removal
Published: 25 October 2004

Domestic Philippine cement manufacturers yesterday warned that removal of the additional safeguard tariff on imported cement would only ensure other countries with excess capacity of a ready market they can dump their products into.  This warning was issued by the Federation of Philippines Industries (FPI) saying the threat of dumping from China, Thailand, and Indonesia was real. The FPI noted that while countries like Indonesia and Japan have imposed non-tariff barriers on cement imports, the Philippines has gone the other way and reduced its tariffs under the Common Effective Preferential Tariff (CEPT) and Most Favored Nation (MFN) schemes. Plans to lift the safeguard tariff would only make the Philippines more vulnerable to dumping, the FPI warned.