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Thursday, March 7, 2013

Philippines compromised for Allowing China Export to Europe used the Philippines to avoid TAX

Bloomberg reported 27 Nation bloc in Europe Extends Levy on Chinese Stainless-Steel Screws to Philippines.

The European Union extended to the Philippines a tariff on stainless-steel screws and bolts from China, saying Chinese exporters used the country to evade the levy meant to aid EU producers like Italy's Bontempi Vibo SpA.

The EU said Chinese exporters of stainless-steel fasteners shipped them to Europe via the Philippines to dodge the 27.4 percent duty. This is the outcome of a probe that also covered Malaysia and Thailand, where the EU concluded that no Chinese circumvention took place.

The import tax "was circumvented by trans-shipment via the Philippines," the 27-nation bloc said in a decision today in Brussels. The extension exempts two Philippine companies -- Multi-Tek Fasteners Inc. and Rosario Fasteners Corp. -- and will take effect after publication in the EU's Official Journal within a week.

The EU renewed the trade protection against China in January 2012 for another five years to help European producers that also include Bulnava Srl of Italy, Germany's Reisser Schraubentechnik GmbH and France's Ugivis SA counter below-cost, or "dumped," imports from the Asian country. The 27.4 percent levy is the maximum of three rates, which depend on the Chinese exporter. The lowest levy is 11.4 percent.

At the time, the EU also reimposed for five years anti- dumping duties as high as 23.6 percent on stainless-steel fasteners from Taiwan.

The extension of the maximum levy against China to the Philippines is the outcome of a circumvention probe that the EU began last June and will apply retroactively to imports as of that time, when the bloc also began to register shipments of stainless-steel fasteners from the Philippines.

Source: Bloomberg 

Malaysia ignores United Nations & Sulu Sultan Kiram call for ceasefire in Sabah North Borneo

United Nations Secretary general Ban Ki-Moon Call for Ceasefire in Sabah, NorthBorneo

Malaysia's prime minister on Thursday rejected a ceasefire call by the Sultanate of Sulu & North Borneo (Philippines) His Majesty Sultan Jamalul Kiram in Sabah, North Borneo.

Malaysian forces are currently hunting for the Islamic militants in a remote region of Borneo island where they landed last month to assert a long-dormant territorial claim in what has become Malaysia's worst security crisis in years.

Their Manila-based leader called for ceasefire at midday but Prime Minister Najib Razak, who flew to the region Thursday to inspect security operations, said he told Philippine leader Benigno Aquino by phone the offer was rejected.

"I told President Aquino they must lay down their arms immediately," Najib told reporters in a village near the area where up to 300 militants were being searched for.

"They have to surrender their arms and they have to do it as soon as possible."

The Sultan, Jamalul Kiram III, declared a unilateral ceasefire for 12:30 pm (0430 GMT) and urged Malaysia to reciprocate.

But Najib said Malaysian forces would continue to press the offensive, adding that still more soldiers would be sent in to the hilly region of vast oil palm estates and pockets of jungle.

Anger has mounted in Malaysia over the incursion, which began February 12 when fighters arrived from the southern Philippines to press Kiram's claim to the area.

Kiram says he is heir to the Sultanate of Sulu, which once ruled islands that are now part of the southern Philippines, as well as Sabah.

An estimated 100-300 militants were holed up in the sleepy farming village of Tanduo for three weeks until a pair of deadly shootouts with security forces at the weekend triggered a military assault with jet fighters and ground forces Tuesday.

However, the attack appears to have merely scattered the fighters, and security forces were combing through huge palm groves for them. Sporadic exchanges of fire have been reported since the assault.

UN Secretary General Ban Ki-moon urged a peaceful resolution of the bizarre incursion, which has led to at least 28 reported deaths -- 20 militants and eight police officers.

It has been reported also that Malaysian forces massacred 40 innocent Civilian in Sabah that alarmed the Sultan.

"(Ban) urges an end to the violence and encourages dialogue among all the parties for a peaceful resolution of the situation," said a statement released by his office late Wednesday.

Kiram declared the "unilateral ceasefire... in order to reciprocate the call of the UN to preserve lives", said his spokesman.

Malaysia's military assault appears to have failed, with authorities confirming just one kill so far.

They have not explained how the militants -- said to be alive and well and in contact with their Manila comrades -- were able to escape a tight security cordon built up over three weeks.

Tension is running high in eastern Sabah due to the incursion, and residents of some towns have fled after police said gunmen were spotted in other areas down the coast, raising fears of a wider guerrilla infiltration.

Late Wednesday, police said the bodies of six police officers killed in a weekend ambush in the coastal town of Semporna were mutilated.

"The bodies of dead police personnel were found to have been brutally mutilated by the armed intruders," a statement said, giving no further details.

Police have said six militants responsible for the Semporna ambush were later killed by reinforcements.

The incursion has proven a delicate situation for the two neighbours, with Manila earlier calling for Malaysian restraint just before Tuesday's military assault was launched.

Malaysian Foreign Minister Anifah Aman said late Wednesday that his government might seek Kiram's extradition if Manila failed to take action, but the Philippine government said that was unlikely, citing the lack of an extradition treaty.

With report from RFTBP & MSN News

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