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Glass Business News |
July, 2000 |
Philippines
Department of Trade & Industry Two Firms Accused of Predatory Pricing The Philippines Department of Trade and Industry will investigate two Chinese glass manufacturers--Shanghai Ta-Yuan Glass Co. Ltd. and Shanghai Cen Eagle International Trading Co. Ltd.--for dumping their products into the Philippine market. This is the second anti-dumping case being probed by the DTI (the first case is against Taiwan Cement Corp. of billionaire Jeffrey Koo) since the implementing rules and regulations for the new Anti-Dumping Law were released last month. Trade and Industry Secretary Manuel A. Roxas has ordered the Bureau of Import Services to initiate the proceedings versus the Chinese firms after receiving a complaint from local glass maker--Republic Asahi Glass Corp. Republic Asahi accused the two firms of "predatory pricing" to gain market share in the Philippines by selling their products at substantially lower prices than in the Mainland. The Chinese firms allegedly shipped in 17,366.77 metric tons of clear figured glass from January to December last year at a dumping margin (or difference between the export and home prices) of 6.7 percent to 45.3 percent. This is equivalent to a price discount of between $13.45 and $84.79 per metric ton. The DTI decided to pursue an anti-dumping case against the Chinese companies because their shipments accounted for nearly 30 percent of the total imports last year and are deemed damaging to the local industry. Imports are considered injurious to the domestic industry if they account for at least 2 percent of total shipments. The DTI has 60 days to wrap up its investigation and render its final recommendation on whether to slap a cash bond on subsequent exports of these companies and elevate the case to the Tariff Commission for further investigation. |
source: Philippine Newspaper |