**DTI to Impose Safeguard Duty on Cement Imports to Protect Local Industry**
MANILA, Philippines – The Department of Trade and Industry (DTI) announced its intention to impose a safeguard duty on cement imports to ensure a level playing field for local manufacturers and protect the domestic industry.
In a statement released on Tuesday, the DTI confirmed that imported cement will be subject to a safeguard duty of ₱14 per 40-kilogram bag of Ordinary Portland Cement. This measure aims to address the surge in cement imports that may adversely affect local producers.
The DTI emphasized that the safeguard duty is necessary to maintain fair competition and support the growth and sustainability of the Philippine cement industry. Further details regarding the implementation and duration of the duty are expected to be provided in the coming days.
https://business.inquirer.net/552581/dti-readies-safeguard-duty-on-imported-cement