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ITAC increased ad valorem import duties from 10% to 20% to enable the industry to recover manufacturing overheads and boost production capacity – said to have fallen 18% from 2010 to 2012. Employment has dropped 22% since 2008 when a marked increase in imports of bolts, nuts and set screws became evident.
Statistics from CBC Fasteners, which brought the application for duty protection, show a rise in imported bolts from 1,808 tonnes a year in 2008 to 3,896 in 2012, and an increase in set screws from 1,958 tonnes in 2008 to 5,965 tonnes. The South African Fastener Manufacturers’ Association (SAFMA), representing 80% of the production volumes in the Southern African Customs Union (SACU), supported the application.
ITAC chief commissioner Siyabulela Tsengiwe ruled that the domestic industry suffered a price disadvantage against products imported from Asian countries. “The tariff support for the industry at the level of 20% ad valorem would improve its price competitive position in the face of stiff import competition,” he said. ITAC decided not to increase the duties to the maximum rate of 30% under World Trade Organisation rules as the industry had asked. The Commission will review the duty structure in three years’ time to assess industry production, employment and investment performance.
In 2012 ITAC responded to an application from SAFMA and investigated imports of fully threaded screws with hexagonal heads, excluding stainless steel screws, from China. This resulted in the introduction of an anti-dumping duty of 104.5%.
緊固件展-2015第十六屆廣州國際緊固件及設備展覽會-巨浪展覽-The 16th China(Guangzhou)Int’l
Fastener & Equipment Exhibition
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