A group advocating for support to local industries has expressed support for the decision of the Department of Trade and Industry (DTI) to conduct an investigation into the reported influx of imported cement in the country.
In a statement, the Federation of Philippine Industries (FPI) said the investigation is necessary to protect local industry from the harmful effects of the surge of imported cement.
“FPI sees this action as a necessary response to the pressures and potential harm to the local industry posed by the surge of imported cement. FPI recognizes the DTI’s proactive approach as an essential step toward protecting domestic manufacturers and ensuring a level playing field for Filipino businesses,” it said in a statement.
The group was reacting to the investigation ordered by DTI Secretary Cristina Roque based on the report on the continuous increase of imported cement since 2019.
Based on the DTI report, the increases are 10 percent in 2020, 17 percent in 2021 and 5 percent in 2023.
Based on initial DTI probe, there was substantial evidence indicating that increased imports of cement have caused serious injury to the domestic industry.
"This injury is manifested in declining market share, reduced production and sales, decreased capacity utilization, diminished profitability, price depression, undercutting, and suppression," the DTI said in a statement.
The significant increase in the volume of imported cement, it said, preceded the serious injury to the domestic industry in 2023 and led to a shift in market share, with imported cement displacing domestic products.
“By initiating this safeguards investigation, Secretary Roque demonstrates the government’s commitment to the welfare of local industries, which provide employment and economic benefits to the country,” the FPI said.
“The organization remains dedicated to working alongside the government to promote fair competition, job creation, and the long-term sustainability of Philippine industries,” it added.