On 26 July the South African Revenue Service (Sars) announced the imposition of provisional safeguard of 102.10% ad valorem on fasteners of iron or steel (excluding those of stainless steel and those identifiable for aircraft), classifiable in tariff subheadings 7318.15.41, 7318.15.42, and 7318.16.30, from 26 July 2019 up to and including 10 February 2020.
The reasoning for the imposition of safeguard is contained in the International Trade Administration Commission of South Africa (Itac) Report No.605.
Tariff subheadings 7318.15.41 “Bolt ends and screw studs (excluding those of stainless steel and those identifiable for aircraft)”, 7318.15.42 “Screw studding (excluding those of stainless steel and those identifiable for aircraft)”, and 7318.16.30 “Other, hexagon nuts”.
The safeguard is imposed on all countries from which the threaded fasteners are imported or originate, except for Afghanistan, Albania, Algeria, American Samoa, Angola, Antigua and Barbuda, Argentina, Armenia, Azerbaijan, Bangladesh, Bahrain (Kingdom of), Belarus, Belize, Benin, Bhutan, Bolivia (Plurinational State of), Brunei Darussalam, Bosnia and Herzegovina, Botswana, Brazil, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Central African Republic, Chad, Chile, Colombia, Comoros, Costa Rica, Côte d’Ivoire, Cuba, Democratic Republic of the Congo, Congo Republic, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, (Arab Republic), El Salvador, Eritrea, Eswatini, Equatorial Guinea, Ethiopia, Fiji, Gabon, The Gambia, Georgia, Ghana, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, India, Indonesia, Iran (Islamic Republic of), Iraq, Jamaica, Jordan, Kazakhstan, Kenya, Kiribati, Korea (Democratic People’s Republic of), Kuwait (the State of), Kyrgyz Republic, Kosovo, Lao People’s Democratic Republic, Latvia, Lebanon, Lesotho, Liberia, Libya, Lithuania, Madagascar, Malawi, Maldives, Mali, Marshall Islands, Mauritania, Mauritius, Mexico, Micronesia (Federated States of), Moldova (Republic of), Mongolia, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Nepal, Nicaragua, Niger, Nigeria, North Macedonia, Oman, Pakistan, Palestine, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Qatar, Romania, Russian Federation, Rwanda, Saudi Arabia (Kingdom of), Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, São Tomé and Principe, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Solomon Islands, Somalia, South Sudan, Sri Lanka, Sudan, Suriname, Syrian Arab Republic, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Tuvalu, Uganda, United Arab Emirates, Ukraine, Uruguay, Uzbekistan, Vanuatu, Vietnam, Venezuela (Bolivarian Republic of), West Bank and Gaza, Yemen, Zambia, Zimbabwe.
Story by: Riaan de Lange