HOME PAGE ABOUT US CONTACT US SUBSCRIBE ADVERTISE ARCHIVES
TOP STORIES NATION ECONOMY COMPANIES SHIPPING OPINION PERSPECTIVE LIFE SPORTS MOTORING
SEARCH ENGINE
WWWOur Site
Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino
Monday to Friday
8:00pm-10:00pm

ARTICLE SERVICES
  • bookmark this page
  • print this article
  • view archive
  •  
    Ceramics makers urge extension
    safeguard duty for imported wares
     
    By Jennifer A. Ng
    Reporter
     

    THE Ceramic Tile Manufacturers’ Association (CTMA) on Tuesday urged the Department of Trade and Industry (DTI) to approve the recommendation of the Tariff Commission to extend the definitive safeguard duty on imported tiles for another three years.

    In a press briefing in Makati City yesterday, CTMA president Edison T. Co Seteng noted that the safeguard duty is about to expire on January 12.

    “The safeguard duty is needed to ensure that the local industry will remain competitive in light of the increasing competition posed by manufacturers based in China,” said Co Seteng.

    CTMA noted that Tariff Commission has already recommended the extension of the safeguard duty for another three years in a letter to the trade department dated December 6, 2007.

    If approved, the safeguard duty would be pegged at P2 a kilogram for imported tiles this year. This amount will gradually decline by 2011. CTMA, however, did not say the possible safeguard duty after three years.

    The Philippine government first imposed the tariff-rate quota and the safeguard duty in 2002, after it determined that the influx of imported ceramic tiles from China has caused injury to local manufacturers.

    Prior to the lapse of the safeguard duty in 2002, trade department approved a second extension of the definitive safeguard duty beginning January 12, 2005.

    For his part, Federation of Philippine Industries (FPI) president Jesus Arranza noted that despite the imposition of the definitive safeguard duty, imported tiles continue to flood the local market.

    “The growth in imports has been phenomenal, especially in recent years,” said Arranza. For the period of 2004-06, figures from CTMA show that imports from China grew at an average annual rate of 104 percent.

    Aside from the extension of the safeguard duty, CTMA is also calling on the government to help the industry find ways to reduce its power costs. Power is considered as one of the major costs incurred by tile manufacturers.

    OTHER STORIES
    Ceramics makers urge extension safeguard duty for imported wares

    THE Ceramic Tile Manufacturers’ Association (CTMA) on Tuesday urged the Department of Trade and Industry (DTI) to approve the recommendation of the Tariff Commission to extend the definitive safeguard duty on imported tiles for another three years.

    read more

    GMA asked to convene global meet of banana exporters to cushion dollar slide

    DAVAO CITY—The new president of the business chamber here said he may recommend to banana exporters to persuade President Arroyo to meet the heads of state of other banana-exporting countries and consider imposing a “stable, or fixed, price of banana” in the world market.

    read more

    DENR to launch info campaign on climate change

    ALARMED by the imminent threat of global warming and climate change, Environment Secretary Lito Atienza will launch a massive information, education and communication (IEC) campaign to cushion its impact to the environment.

    read more

    SN Power supports Psalm in wake of allegations

    THE Power Sector Assets and Liabilities Management Corp. (Psalm) has shown complete transparency, fairness and without solicitation or unfair advantage of any kind at any level, Oistein Andresen, SN Power chief executive, said Tuesday.

    read more

    GMA gets reality check on use of gas royalties from Malampaya

    PRESIDENT Arroyo had a reality check on Tuesday, when her economic experts pointed to the administrative difficulties of carrying out her planned use of the government’s billions of pesos in gas royalties, Wholesale Electricity Spot Market (WESM) charges and National Power Corp. (Napocor) profits for power-rate reduction.

    read more

    Cebu to push ahead with Transaxial Development Project

    THE Cebu provincial government is hoping to attract as many international investors as it can for its most ambitious project so far—the Cebu Transaxial Development Project (CTDP).

    read more