Area
Philippines
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/11/2018
Policy Category
Trade
Policy Instrument
Import policy
Description
Launched anti-dumping investigations into palm oil imports from Malaysia and Indonesia, claiming that a recent surge in imports had led to a decline in domestic prices of coconut and derived products.
Notes
Following a sharp rise in the volume of palm oil imports from Malaysia and Indonesia which is believed to have led to a decline in domestic prices of coconut and derived products the Philippine Government has initiated anti-dumping investigations, local media reported. Currently, palm oil from Malaysia and Indonesia enters the Philippines duty-free, in line with the ASEAN Trade Goods Agreement. Reportedly, under WTO rules, the country may temporarily impose protective tariffs, invoking a claim of injury to its industry.
