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Safeguard duty on imports of HDPE pellets, granules frozen
Business World Philippines
|July 18, 2025
THE Department of Trade and Industry (DTI) said it suspended the safeguard duty on imports of high-density polyethylene (HDPE) pellets and granules in response to industry clamor as well as the indefinite shutdown of the Philippines' sole HDPE producer.
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In Department Administrative Order (DAO) No. 25-08, the DTI said that it is suspending the definitive general safeguard measure on imports of products under ASEAN Harmonized Tariff Nomenclature 2017 Code 3901.20.00 from various countries.
JG Summit Holdings, Inc. announced on Jan. 30 the indefinite commercial shutdown of its petrochemical business, JG Summit Olefins Corp. (JGSOC), due to “unfavorable global market conditions.”
Cette histoire est tirée de l'édition July 18, 2025 de Business World Philippines.
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