|20 Sep 2013||Initiation|
ANNOUNCED AS TEMPORARYNo
On September 20, 2013, the Philippine authorities started a safeguard investigation on imports of newsprint (WTO Document, G/SG/N/6/PHL/9, 01.10.2013).
The products subject to investigation are classified under the following HS codes: 4801.0010 and 4801.0090.
The investigation was initiated following an evaluation of the petition filed by the domestic newsprint industry, represented by Trust International Paper Corporation, which accounted for about 100 per cent of the total Philippine production.
According to the UN Comtrade Database, in 2012 the following countries exported goods classified under HS code subheading 4801.00 to the Philippines with a trade value over the GTA threshold of USD 1 million: South Korea (USD 24.30 million), the United Kingdom (USD 4.31 million) and Indonesia (USD 1.55 million).
On May 7th, 2015, the Philippine authorities notified to the WTO their decision to impose a definitive safeguard duty on imports of newsprint.
The amount of the duty is PHP 980 (i.e. USD 21.68 at the exchange rate of July 22nd, 2015) per metric ton during the first year, PHP 800 (i.e. USD 17.70) per metric ton during the second year and PHP 640 (i.e. USD 14.16) per metric ton during the third and last year.
This measure entered into force 15 days after the publication of the Philippine Department of Trade and Industry Order in two newspapers, i.e. on May 26th, 2015, and is applicable for a period of three years.
According to the UN Comtrade Database, in 2014 the following countries exported goods classified under HS code subheading 4801.00 to the Philippines with a trade value over the GTA threshold of USD 1 million: South Korea (USD 28.90 million), the United Kingdom (USD 2.08 million) and Canada (USD 2.05 million).
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