|02 Mar 2010||Initiation|
ANNOUNCED AS TEMPORARYNo
On March 2, 2010 the Government of the Dominican Republic initiated a safeguard investigation on imports of Certain Socks and other Hosiery.
On 20 May 2010, the Dominican Republic imposed a previsional duty on imports of the subject good falling under HS code subheadings 6115.95.00 and 6115.96.20. The rate of duty is 40% ad valorem and is in force for a period of 200 days.
Effective from 6 December 2010, the Dominican Republic's Customs has imposed a definitive safeguard duty of 40%. The measure will phased within three years. The schedule for the phase-out is as follows:
6 December 2010 - 6 December 2011: 40 percent.
7 December 2011 - 7 December 2012: 27 percent.
8 December 2012 - 8 December 2013: 14 percent.
9 December 2013 onwards: 0 percent.
Imports that are subject to higher MFN tariffs than the specified amounts will be charged the MFN tariff.
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