The Philippines decided to lower surcharge on the Indonesian glass on December 13, 2011 after reviewing the policy, Director of Trade Safeguard at the Indonesian Trade Ministry Ernawati said in a press statement issued on Thursday.
She said that the Philippines was also assessing the impact of the policy which had been in place since 2004 and would end in 2014 on its domestic industry and other parties subjected to safeguard duty.
During the review, the Indonesian government along with producers and exporters had established close cooperation with Philippine authorities by providing necessary inputs, she said.
"The results are quite good," she said.
She said the decline in safeguard duty would have a positive impact on Indonesia`s glass exports to the Philippines.
Data from the Trade Ministry show Indonesia`s glass exports to the Philippines fell over the past two years but the decline was not significant.
In the January-September 2010 period Indonesia`s CFG and TFG exports to the neighboring country were recorded at 47,864.5 tons worth US$20.08 million.
The figure dropped to 47,473.02 tons worth US$20.08 million in the same period last year.
Overall, Indonesia`s export of glass products and goods made of glass in 2010 reached 71,682 tons valued at US$30 million. (*)
Editor: Kunto Wibisono
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