Article Index |Advertise | Mobile | RSS | Wireless | Newsletter | Archive | Corrections | Syndication | Contact us | About Us| Services
 
Mon, Nov 23, 2009 05:28 PM Philippines      25°C to 33°C
  HOME       NEWS     SPORTS     SHOWBIZ AND STYLE      TECHNOLOGY     BUSINESS     OPINION      GLOBAL NATION    SERVICES
Advertisement
Robinsons Land Corp.
Xoom

INQUIRER ALERT
Get the free INQUIRER newsletter
Enter your email address:

 
Money / Top Stories Type Size: (+) (-)
You are here: Home > Business > Money > Top Stories

  ARTICLE SERVICES      
     Reprint this article     Print this article  
    Send as an e-mail     Send Feedback  
    Post a comment   Share  

  RELATED STORIES  





imns


Cemap wants 5% cement duty back

By Abigail L. Ho
Philippine Daily Inquirer
First Posted 02:22:00 06/15/2009

Filed Under: Construction & Property, Building materials

MANILA, Philippines - The Cement Manufacturers Association of the Philippines is pushing for the reinstatement of the 5-percent tariff on cement, which Malacañang has ordered to be slashed to zero in December last year.

In a position paper submitted to the Tariff Commission on June 4, the group said the 5-percent tariff on cement clinkers, Portland cement and other hydraulic cements should be reimposed.

It wants the government to let the order slashing tariffs to zero to lapse this month.

In the same position paper, Cemap also called for the placement of clinkers, Portland cement and other hydraulic cements under the so-called ‘Sensitive List.’

“Extending the suspension of cement tariffs will expose the local cement industry to the entry of cement imports, which may not comply with Philippine National Standards on quality specifications and may be undervalued because of the adverse effects of the global financial crisis on traditional markets,” the paper stated.

“Undervalued and substandard cement may endanger consumer safety and will be injurious to the local cement industry as well as the economy,” it added.

Cemap said that with a zero-tariff regime, the country would be vulnerable to becoming a dumping ground for excess cement produced in countries such as China and Japan.



Copyright 2009 Philippine Daily Inquirer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



Share

RELATED STORIES:

OTHER STORIES:



  ^ Back to top

© Copyright 2001-2009 INQUIRER.net, An INQUIRER Company

The INQUIRER Network: HOME | NEWS | SPORTS | SHOWBIZ & STYLE | TECHNOLOGY | BUSINESS | OPINION | GLOBAL NATION | Site Map
Services: Advertise | Buy Content | Wireless | Newsletter | Low Graphics | Search / Archive | Article Index | Contact us
The INQUIRER Company: About the Inquirer | User Agreement | Link Policy | Privacy Policy

Advertisement
BizLinq
SF FilAm Chamber of Commerce
Inquirer Blogs
Focalcast