DTI to Impose PHP14 Safeguard Duty on Imported Cement
Manila: The Department of Trade and Industry (DTI) will impose the safeguard duty amounting to PHP14 per 40-kg bag of cement, based on the recommendation of the Tariff Commission, for the next three years. According to Philippines News Agency, DTI Secretary Cristina Roque stated that the safeguard duty on Ordinary Portland Cement Type 1 and Blended Cement aims to ‘level the playing field between domestic manufacturers and importers’. She emphasized that this duty is not expected to be passed on to consumers, as it applies solely to imported cement, accounting for about 3 percent to 4 percent of prevailing retail