Philippines Department of Trade and Industry to impose anti-dumping duties on cement from Vietnam

Philippines: The Division of Commerce and Trade (DTI) has determined to impose anti-dumping duties on cement imported from Vietnam. Commerce Secretary Alfredo E Pascual mentioned that the dumping of Atypical Portland Cement (OPC) and Blended Cement from Vietnam posed an “imminent risk of fabric harm to the home cement business,” based on the BusinessWorld newspaper. The duties will comprise 4 – 28% of the export value of OPC and three – 55% of the value of Blended Cement. The DTI has recognized 11 cement corporations from Vietnam that will likely be focused with the anti-dumping tariffs.

A report by the Tariff Fee discovered that 53% of the entire cement imported from July 2019 to December 2020 comprised product originating from Vietnam at dumped costs. Total the nation’s OPC and Blended Cement imports rose by 11% year-on-year to five.90Mt in 2020 and by 16.2% to six.85Mt in 2021. Imports rose by an extra 7% year-on-year to three.50Mt within the first half of 2022 in comparison with a median of three.27Mt for a similar half-year intervals in 2019, 2020 and 2021. The TC mentioned, “The existence of risk of fabric harm to the home business is imminent within the close to future, as indicated by the numerous charge of enhance of dumped imports into the Philippines capturing substantial market share, presence of value undercutting, value melancholy and value suppression.”