The Philippine Department of Trade and Industry (DTI) recently announced that it would stop investigating three global safeguard cases against some steel products imported from countries, including Vietnam.

The Department of Trade Remedies (Ministry of Industry and Trade) said that the Department has just received information that the Philippine Department of Trade and Industry (DTI) announced that it would stop investigating three global safeguard cases against some steel products. Imports include galvanized steel, aluminum zinc alloy coated steel and color coated steel.

Previously, the above cases were initiated by the Philippine Department of Trade and Industry on June 15, 2020, after the domestic manufacturing industry filed a lawsuit alleging that imports from other countries spiked. caused serious damage to the Philippine domestic industry.

In July 2020, after receiving the notice of DTI, the Trade Remedies Department, the Ministry of Industry and Trade sent a letter to the Import Department (under DTI) expressing concern about the case. In the letter, the Trade Remedies Administration requested the Philippine investigating agency to strictly comply with the conditions for initiating an investigation and applying safeguard measures as stipulated in the World Trade Organization’s Safeguards Agreement. WTO), and requested the Philippine Investigation Agency to consider the most up-to-date import data when analyzing and assessing whether imports cause damage to the domestic industry.

According to the Trade Remedies Administration, with this conclusion of the Philippine Department of Trade and Industry, steel exporters to the Philippines can still continue to export activities without being affected by the risk of the Philippines applying natural taxes. protection for these products.

T&G International Joint Stock Company

Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi

Hotline: 0345786803

Email: hrm@tginterjsc.com

Website: http://tginternationaljsc.com