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Commissioner of Trade Levies: "There is a significant and unexpected increase in the import of iron ribbed building, which caused serious damage to the domestic industry"
Ministry of Industry makes it difficult to import iron construction: in charge of payroll taxes instructed the Director of Customs to require importers to cast iron guarantees amounting to US $ 133 per ton, in order to strengthen the Israeli manufacturers. Hud collected and Yehuda Steel Industries, point import Israel's only two companies point import that produce iron ribbed construction, submitted recently applied to the Superintendent
Trade levies ministry, to take protective measures against imports of iron ribbed construction. The application was filed by Attorney Gil Nadel, an office that deals with the import, export and international trade, and accompanied by economist Eran Horowitz, after it became clear to companies that recently, due to the economic crisis World, recorded sharp declines in the price of iron; Which affected the import and sale prices in Israel, and led to the increased market share of imports significantly, causing severe damage and direct local industry.
Both companies claim to the Commissioner of Trade Levies, that the increase in imports caused them serious damage, and hit, among other things, profitability, production capacity, prices, sales, market share, and cash flow. According to Real, the two manufacturers employ many workers, are in the periphery, and because of the situation they even had to temporarily disable production lines. point import
The application was filed in accordance with the new amendment to the Trade Levies Act which came into force in late 2008, and allows the commissioner to take protective measures for local industry, and require a deposit of guarantee equal to the estimated levy. The amendment is designed to match the Israeli law to the provisions of the World Trade Organization.
"I found that there is a significant and unexpected increase in the import of iron ribbed building, point import which caused serious damage to the domestic industry," wrote the Commissioner, Reuben Passover, in his decision. "I determined that there is a need to post a bond temporarily to prevent point import damage that may be caused local production sector which would be difficult if not for a temporary fix it. Also, I determined that serious circumstances point import exist that justify the imposition of this guarantee."
According to Real, this is the first decision of its kind in many years, since until now mainly levies imposed protect the domestic industry from damage from imports at dumping prices. This time, the government took protective measures against damage caused by an increase in the volume point import of imports and its severe impact on the domestic industry.
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