Requests Government in the Philippines to Apply Safegaurd Duty on
Vietnamese Glass Imports
The Asahi Glass
division located in the Philippines has asked the local government
to include Vietnam on its list of countries requiring safeguard
duties on imported glass, the Manila Bulletin Online and ABS CBN
news sites are reporting.
the ABS-CBN news report, Renato Ermita, president of Asahi Glass
Philippines Inc., has requested the Tariff commission and Department
of Trade and Industry apply the safeguard duties on all Vietnamese-imported
glass as it now makes up more than the minimum 3 percent required
for the duties.
Ermita has also
been reported as noting that Asahi market shares are back up to
75 percent, though in the past the shares were as high as 90 percent.
was a reduction in glass imports after the provisional safeguard
duties were imposed but this is not only because of the safeguard
duty but mainly because of the depreciation of the peso against
the US dollar," he said.