1 week Traders to appeal cement safeguard duty MB |Biz
By Bernie Cahiles-Magkilat Cement traders said they will appeal the decision of the Tariff Commission, which recommended the imposition of a P12 definitive safeguard per 40-kilogram bag on imported cement as they protest the use of incomparable data in coming up with this specific duty. Ed Sahagun, president and CEO of Philcement Corp. one of the leading cement importers, said traders will meet and file their appeal to Trade and Industry Secretary Ramon M. Lopez soon. Traders said that the TC should have used as comparison the ex-warehouse price of the importers and the ex-plant price of local integrated cement ... more