Higher import duty on cement sought - News Summed Up

Higher import duty on cement sought


Higher import duty on cement soughthome/Business/Top Business/Higher import duty on cement soughtThe Tariff Commission (TC) should hike the safeguard duty for imported cement to protect the local industry. The Cement Manufacturers’ Association of the Philippines (Cemap) made the call in response to the continuing surge in cement imports. “Cement demand from infrastructure is expected to comprise 33 percent of total cement demand by 2021, up from 2016’s share of 27 percent,” Pestaño added. Republic Cement Services, Inc. President Nabil Francis, who also attended the hearing, said the cement safeguard duty should be permanent and firms should focus on raising production capacity. Meanwhile, DTI Bureau of Import Services Director Luis Catibayan said prices remained stable despite additional tariff on cement imports as of March.


Source: Manila Times May 21, 2019 16:18 UTC



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