Philippines removes duty on billet imports from all countries

The Philippines is eliminating a most-favoured-nations (MFN) tariff of 3% on imported billet from June 17 onwards.

The decision will provide “a more playing field” for major billet suppliers from countries such as Russia, Ukraine and Turkey, which were at a disadvantage against Chinese sellers, market participants in the Philippines told Metal Bulletin.
At the moment, there is a 3% import duty on billet from most countries. Only products from the Assn of Southeast Asian Nations (Asean) region and some nations with which Asean has free trade agreements – such as China and South Korea – are exempt from the duty.

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Juan Weik

May 29, 2017

13:38 GMT