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Safeguards have been normed prices
posted on: Dec 8 2011 7:9 by RDugey. Viewed 13 times.
The application by Dominican Republic of the safeguard to regulate imports of sacks and tubular fabric not only has allowed to organise the market but also to keep stable prices, despite increases of raw material Basic for production which is a resin for the oil.
This follows an evaluation of international prices of the polypropylene resin by the company fertilizer Santo Domingo (Fersan), members of the regulatory Commission of treasonable practices in trade and safeguards, on April 13, 2011.
The assessment of price allowed to establish that the cost of the sacks manufactured by the Division of that company sandbags, "did not suffer any change from July 9, 2010 until January 11, 2011, while the resin costs rose a 27.34% at that time and despite the fact that on October 30, 2010 was promulgated the safeguard" u000a"Final".
Yes putting informed the authorities the aforementioned company, is that despite the stay of measures to safeguard, consisting of a tariff detachable from 38% to imports of sacks and tubular, tissue in the customs statistics neglect to the provisions laid down by one of the participants in the market to the detriment of the other became apparent
These data were brought to the attention of the director of customs in a communication dated 27 September 2011.
The document specifies that from the moment of application of the safeguard to the sending of the letter, were detected cases of violations of the same with regard to tariffs.
In addition to allowing the crossing of the data of international prices of polypropylene resin and carried out by several importers customs declarations "determine clear indications of undervaluation in value" u000a"declared in order to neutralize the effect of the established safeguard tariffs".
Data shows that many imports of sacks and tubular fabrics made by local firms come from Central America and the People's Republic of China and benefit from subsidies of their respective Governments.
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