With the increase of imports, Vietnam's cement will face tax increases!

2019-09-24 09:35:42

Increased imports of cement, mainly from Vietnam, have forced the Philippine government to impose tariffs on the building material to protect domestic industries from cheaper competitors.

According to Nikkei AsiaReview, Manila announced that it would adopt temporary safeguard tax measures on ceramics and wall tiles, as well as colored float glass, to implement the three-year tax measures.

The increased demand for cement comes after President Duterte beefed up a $180 billion infrastructure plan to attract foreign investment and create more jobs.

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Correlation

With the increase of imports, Vietnam's cement will face tax increases!

Increased imports of cement, mainly from Vietnam, have forced the Philippine government to impose tariffs on the building material to protect domestic industries from cheaper competitors.

2019-09-24 09:35:42

CEMPI

97.34

-0.22 -0.23%

CONCPI

90.00

-0.13 -0.14%

CLKPI

98.96

-0.06 -0.06%

SPPI

45.10

+0.10 +0.22%

MORPI

73.32

0.00 0.00%

The Ministry of Industry and Information Technology announced ten cement and concrete industry standards!

Technical requirements for the continuous monitoring system of carbon dioxide emissions from stationary sources in the building materials industry Cement; technical specifications for the application of alternative raw materials for cement clinker Coal gangue; technical specifications for the assessment of greenhouse gas emission reductions based on the project Carbon sequestration in the curing of cement products; general technical principles for the life cycle assessment of building materials products are included in the list of public projects.