The safeguard duties imposed on raw materials used in plastic products will raise the prices paid by consumers, the plastics manufacturing industry said. READ:
The duties were imposed on high-density polyethylene granules and pellets, a measure which the Philippine Plastics Industry Association, Inc. called burdensome for the public, to which the costs will be passed on.
The Department of Trade and Industry issued Department Administrative Order 22-13 dated Sept. 30 imposing safeguard duties on imported HDPE pellets and granules for three years. The safeguard duty is P1,338 per metric ton in the first year, P1,271/MT for the second, and P1,208/MT for the third. “The safeguard duty favoring JGSPC will also more pressure on plastic product manufacturers. Imported finished products are being imported at 0% duty leaving manufacturers at a price disadvantage. This will result in an influx of imported finished plastic products. This will cause more job losses while we are all recovering from the pandemic,” the PPIA said.
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