The Philippines has notified the World Trade Organization’s (WTO) Committee on Safeguards that it launched a safeguard investigation on the importation of liquefied petroleum gas (LPG) cylinders.
THE Philippines has notified the World Trade Organization’s Committee on Safeguards that it launched a safeguard investigation on the importation of liquefied petroleum gas cylinders.
The petition noted the increased imports of LPG steel cylinders causing “serious injury” to the domestic industry in terms of declining market share, production, sales, capacity utilization, employment profitability, incurred losses and existence of price depression and price undercutting. During a safeguard investigation, WTO said importers, exporters and other interested parties may present evidence and views and respond to the presentations of other parties.
With this, the Trade department, acting under Section 6 of Republic Act 8800 or the Safeguard Measures Act, said it has conducted an evaluation of the application. Upon evaluation, it said it found the existence of a prima facie case to justify the initiation of a preliminary safeguard measures investigation on the importation of the cylinders.
“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.
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