The government imposed a provisional safeguard duty of P8.40 per 40-kilogram bag of imported cement to protect the local industry amid the surge of imports.
The will end its five-year-old restrictions on solar panel imports from China, officials said on Monday, as Brussels and Beijing increase their own trade cooperation in the face of protectionist steps from the United States.
The government has downplayed the effects tariffs imposed by the European Union will have on the rice industry, arguing that it had been preparing for this scenario through a strategy to make the trade industry less dependent on the European bloc.
Japanese Finance Minister Taro Aso on Thursday urged the Group of 20 major economies to renew their commitment to sustaining the international order based on cooperation and openness that has come under threat from protectionism.
The Philippines Department of Trade and Industry (DTI) has initiated a preliminary investigation on the application of safeguard measures on the import of ceramic floor and wall tiles from various countries, including Việt Nam, according to the Trade Remedies Authority of Việt Nam.
According to the Ministry of Industry and Trade’s (MOIT) Trade Remedy Department, some WTO-member countries have intensified the use of safeguard measures such as anti-dumping and anti-countervailing duties to restrict imports and protect local production.
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