Post Time:Feb 19,2010Classify:Industry NewsView:186
The tradedepartment has agreed to continue imposing duties on imported flat glass for another four years to protect local manufacturer AGC Flat Glass Philippines, Inc., according to a Feb. 17 BusinessWorld Online report.
Adjusted safeguard duties will be slapped on imported float glass this month according to copies of department orders made available to BusinessWorld. Duties on figured glass, meanwhile, will be imposed in the second quarter as long as the firm resumes production of the product by then.
The orders -- signed by Trade Secretary Peter B. Favila in January and published on February 5 -- heeded petitions made in late 2009 by the country’s sole glass pane maker for the government to exhaust the maximum 10-year period for safeguard duties.
"The final extension of the definitive general safeguard measure is in the public interest," the department order covering float glass stated.
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