On 15 December 2024, the South African Revenue Service (SARS) informed of the amendment of Safeguard Items 260.03/7318.15.41/01.08; 260.03/7318.15.42/01.08 and 260.03/7318.16.30/01.08 to include imports originating in or imported from the Philippines to be subject to safeguard duties on threaded fasteners of iron or steel (excluding those of stainless steel and those identifiable for aircraft).
The safeguard duties, at the set rates (in brackets), are applicable for the periods:
- 15 March 2024 up to and including 23 July 2024 (48.04%);
- 24 July 2024 up to and including 23 July 2025 (46.04%); and
- 24 July 2025 up to and including 23 July 2026 (44.04%).
The reasoning is contained in the International Trade Administration Commission of South Africa (ITAC) Minute 11/2023, and ITAC Report No.715.