GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS

South Africa Extends Fastener Safeguard Measures for 3 Years

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2023-08-01

South African International Trade Administration Committee (ITAC) decided, from July 24 this year, to extend the three-year high-tariff defense measures on steel or iron screws, bolts and hexagonal nuts. The measure is divided into three phases to respectively levy 48.04%, 46.04% and 44.04% defense duty.

SAFMA's provided information to apply for the extension of the measure includes initial recognition that the South African fastener industry in the original defense measures (August 1, 2020 to July 31, 2023) has carried out industrial adjustment, but if the defense measures are terminated, the South African industry will suffer from the reduction in sales, shrinkage of production capacity, declined market share and labor employment, and reduction in equipment utilization and revenue, among other damages; therefore, it was decided to extend the defense measures and finally a decision on the extension of the defense measures was made.

南非

國際貿易管理委員會

螺絲

螺栓

螺帽

進口防衛措施

延長

South Africa

ITAC

screw

bolt

nut