In a notice posted on its website on Oct. 31, DTI said it will initiate, motu proprio, a preliminary investigation to determine if increased cement imports are causing serious injury to the domestic industry and if safeguard measures should be imposed.
Under Republic 8800 or the Safeguard Measures Act, the country may impose a safeguard measure like increased tariff on certain imports to provide relief to the domestic industry when there is serious threat or injury caused by a surge in imports of like products.
The same law provides that the trade secretary may launch a preliminary safeguard investigation, if there is evidence that increased imports of the product under consideration are a substantial cause of or are threatening to bring serious injury to the local industry.
This story is from the November 02, 2024 edition of The Philippine Star.
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This story is from the November 02, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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