Philippines initiates safeguard investigation on cement, Vietnamese businesses must cooperate

The Philippine Department of Trade and Industry announced that it will ask Vietnamese exporting enterprises to answer the investigation questionnaire in the case of initiating a safeguard investigation on imported cement products.

Philippines initiates safeguard investigation on cement, Vietnamese businesses must cooperate

The Philippine Department of Trade and Industry announced that it will ask Vietnamese exporting enterprises to answer the investigation questionnaire in the case of initiating a safeguard investigation on imported cement products.

Vietnamese exporting enterprises must answer the investigation questionnaire in the safeguard investigation case on cement.

The Philippine Department of Trade and Industry has just announced the initiation of a safeguard investigation on imported cement.

Specifically, according to the announcement dated November 4, 2024 of the World Trade Organization (WTO), on October 31, 2024, the Philippine Department of Trade and Industry (DTI) announced the initiation of an investigation to apply safeguard measures on cement products imported into the Philippines based on Section 6 of the Philippine Safeguards Act.

The products under investigation are cement with HS codes: 2523.2990 and 2523.9000. The investigation period to consider the increase in imports and damage is from 2019-2024.

The investigation agency believes that in the period 2019-2023, the amount of imported cement has increased continuously in absolute terms. The total amount of imported cement has increased by 10% in 2020; 17% in 2021; 5% in 2023.

In relative terms, import share also increases in POI from 30% in 2019 to 47% in 2023 and 51% in 2024 (January to June).

According to the Philippine Department of Trade and Industry, the domestic manufacturing industry suffered serious damage due to increased imports such as loss of market share, revenue, profits, price cuts, etc. The increase in imports is the main cause of damage to the domestic manufacturing industry.

Therefore, the Department of Trade and Industry of the Philippines initiated an investigation into the matter. According to the regulations, interested parties, including exporters, importers, and organizations inside and outside the Philippines, have the right to express their views and comments on the matter (including their views and comments on the impact of the application of the measure on the public interest).

In addition, the Philippine Department of Trade and Industry also announced that it will ask Vietnamese export enterprises to answer the investigation questionnaire in the case.

Malaysia launches administrative review of anti-dumping duties on cold-rolled stainless steel imported from Vietnam

The Trade Remedies Authority of Vietnam confirmed that it has received information from the Malaysian Ministry of Trade and Industry (MITI) announcing the initiation of an administrative review investigation into the anti-dumping duty order on cold-rolled stainless steel products originating from Vietnam and Indonesia.

This administrative review was initiated by MITI based on information that the plaintiff Bahru Stainless Sdn. BHd, the sole manufacturer of the product subject to the duties, had ceased production as of June 30, 2024.

Goods under investigation: cold-rolled stainless steel in coils, sheets or other shapes, classified according to HS codes: 7219.31.00.00, 7219.32.00.00, 7219.33.00.00, 7219.34.00.00, 7219.35.00.00; 7220.20.10.00; 7220.20.90.00.

Anti-dumping tax currently applied: for Vietnam is 7.81% to 23.84%; for Indonesia is -0.2% to 34.82%.

In the next procedure, interested parties are invited to submit written comments and provide evidence within 15 days from the date of the initiation notice in the official gazette (ie 1 November 2024).

In the event that the required information is not received in the prescribed form and time, MITI will issue a conclusion on the basis of the available information.

The Trade Defense Department recommends that relevant associations and manufacturing/exporting enterprises contact MITI to register to participate and provide information and comments within the prescribed time limit; Cooperate fully with MITI throughout the process of the case.

Regularly coordinate and exchange information with Malaysian import partners to raise their voice with the Malaysian Government, requesting MITI to seriously consider socio-economic benefits and consumer rights.

Source: https://baodautu.vn/philippines-khoi-xuong-dieu-tra-tu-ve-voi-xi-mang-doanh-nghiep-viet-phai-phoi-hop-d229589.html