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Government

SAFEGUARD DUTY FOR IMPORTED CEMENT HIKED – LOPEZ

The Department of Trade and Industry (DTI) is adjusting safeguard duty for imported cement this 2021 for the second year of the imposition of the trade remedy. DTI-Bureau of Import Services director Luis Catibayan said safeguard duty this year is being eyed at P9.80 per 40-kilogram bag of cement, which is higher from the initial […]

Categories
Government

DTI IMPOSES SAFEGUARD DUTY ON IMPORTED CEMENT TO PROTECT LOCAL MANUFACTURERS – LOPEZ

The Department of Trade and Industry (DTI) has taken a firm step to protect local cement manufacturers in the wake of reports that imported cement has been flooding the local market in recent months. DTI Secretary Ramon Lopez said his agency will impose a provisional safeguard duty of P8.40 per bag of imported cement after […]