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PN 2010-02: Why Cement Prices Remain High despite Zero Tariffs?

Trade reforms, in particular reduction and/or removal of tariffs on imports, are aimed to bring about lower prices of certain goods. In the case of the cement industry, though, despite the government’s imposition of zero tariffs on cement imports, the price(s) of cement continued to rise unabatedly. Why? What explains this?

Philippine Institute for Development Studies
Authors Keywords
Aldaba, Rafaelita M.; Philippines; cartel; cement industry; cement prices; zero tariff;
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