Philippines Launches Safeguard Investigation on Cement
November 4, 2024
Manila, Philippines – The Philippines Department of Trade and Industry (DTI) has launched a safeguard investigation into imports of cement following a petition by local cement manufacturers.
The petition alleges that increased imports of cement have caused serious injury or threat of serious injury to the domestic cement industry. The investigation will determine whether safeguard measures are necessary to protect the industry.
Background
The Philippine cement industry has been facing challenges in recent years, including increased competition from imported cement. In 2022, cement imports increased by 20%, with the majority of imports coming from China.
This surge in imports has led to a decline in domestic cement prices and a reduction in capacity utilization among local cement manufacturers. The petitioners argue that the increase in imports has caused significant financial losses and job losses in the industry.
Investigation Process
The DTI will investigate the following factors:
- Trends in cement imports
- The impact of imports on the domestic industry
- The extent to which imports have caused or threatened serious injury
- The threat of further injury from imports
- The appropriate level of safeguard measures
The investigation will involve gathering data from cement manufacturers, importers, and other stakeholders. The DTI may also consult with international experts on trade remedies.
Timeline
The DTI has 120 days to complete its investigation and make a recommendation to the Tariff Commission. The Tariff Commission will then decide whether to impose safeguard measures.
Possible Outcomes
If the DTI finds that safeguard measures are necessary, it may recommend the following measures:
- Tariffs
- Quotas
- Price floors
The Tariff Commission will consider the DTI’s recommendation and make a final decision on the safeguard measures.
Industry Response
The Philippine cement industry has welcomed the investigation. Local manufacturers believe that safeguard measures are necessary to protect the industry from unfair competition.
Importers, on the other hand, have expressed concern that safeguard measures could lead to higher prices for cement consumers. They argue that the government should address the underlying competitiveness issues in the domestic industry rather than imposing import restrictions.
Impact on Consumers
If safeguard measures are imposed, it could lead to higher prices for cement consumers in the Philippines. However, the DTI has stated that it will consider the impact on consumers when making its decision.
The Philippines launches safeguard investigation on cement
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