The Philippines Department of Trade and Industry (DTI) has decided to extend safeguard measures against test-liner board importer from Vietnam for another four years.
The Competition Management Authority under the Ministry of Industry and Trade said under the official announcement from the DTI, safeguard duties will be imposed on a number of test-liner board products and will become effective after the Philippines Customs issues a related decision or 15 days following the DTI’s decision to be widely made public.
Earlier on September 16, 2010, the DTI Secretariat issued a decision imposing safeguard duties on Vietnamese products and then on November 29, 2013, the first three-year extension of the duty was made.
According to the DTI, it is imperative to apply safeguard measures aimed at reducing losses caused by paper imports of the domestic industry that needs more time to make proper adjustments to raise its competitiveness against imported products.
Source: VOV
Key words: Philippines, extends, safeguard duties, Vietnam, test-liner, board paper
