The local LPG steel cylinder industry represented by Ferrotech Steel Corp. has filed an application for the imposition of safeguard measures on the importation of LPG cylinders from various countries.
The local LPG steel cylinder industry represented by Ferrotech Steel Corp. has filed an application for the imposition of safeguard measures on the importation of LPG cylinders from various countries, noting that the increase in imports has caused “serious injury” to the local industry, according to the Department of Trade and Industry .
With this, DTI, acting under Section 6 of Republic Act 8800 or the Safeguard Measures Act, said it has conducted an evaluation of the application. Upon the evaluation, it said it found the existence of a prima facie case that will justify the initiation of a preliminary safeguard measures investigation on the importation of the said product.
“We would like to request for 10 years duration of safeguard measures. This is in order for us to be competitive with imported LPG cylinders to remain viable and for the continuity of operation,” Ferrotech said in its application form. “The loss of market share was taken by imports during the POI,” DTI said in its report, adding that this “dominance” persisted in 2020 and 2021 notwithstanding the Covid-19 pandemic.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Online video piracy could cost PHL $1-B revenue loss | Andrea E. San JuanIF online video piracy in the Philippines is not brought under control, the illegal activity could result in annual revenue loss of US$1 billion by 2027, a study cited by the Intellectual Property Office of the Philippines (IPOPHL) noted. According to the study of Media Partners Asia (MPA), an independent…
Read more »
Pharma firms told to obtain CPR for sale of bivalent vax | Andrea E. San JuanGO Negosyo Founder Jose Maria A. Concepcion III is prodding pharmaceutical companies to file their application for a Certificate of Product Registration (CPR) for Covid-19 bivalent vaccines, saying that an infectious disease specialist warned of a “long” bout in dealing with Covid-19. Concepcion’s statement came as Rontgene Solante, infectious disease…
Read more »
Filipino exporters bag $50.65-M export sales from Dubai food expo | Andrea E. San JuanThe Center for International Trade Expositions and Missions (CITEM), the export promotions arm of the Department of Trade and Industry (DTI), reported on Monday that 18 Filipino food exporters were able to bag over $50 million export sales from the annual food and beverage expo at the Dubai World Trade…
Read more »
IPOPHL reports record-high 48,259 IP applications in 2022 | Andrea E. San JuanThe Intellectual Property Office of the Philippines (IPOPHL) reported on Monday that the volume of intellectual property (IP) applications in 2022 registered a new record high with 48,259, a 2 percent increase from the previous record-high of 47,328 in 2019. The amount of filings in 2022 is also higher than…
Read more »