There is no surge in importation of both passenger cars and light commercial vehicles (LCVs) into the country and the increase in the volume of importation cannot be considered “recent, sudden, sharp, and significant,” according to the Tariff Commission Staff Report. The report is a...
Car companies operating in the Philippines and the labor sector have urged government to adopt a progressive policy that promotes a competitive business environment to preserve the remaining local vehicle assembly/manufacturing in the country. The Chamber of Automotive Manufacturers of the...
The implementation of the safeguard measure on imported completely built-up (CBU) passenger cars and light commercial vehicles (LCVs) is expected to stunt industry growth, pulling back by five years or to 2016 level as sales are projected to hit 397,000 units only by 2025 instead of 439,000 units...
Toyota Motor Corporation (TMC) Japan, which local subsidiary Toyota Motor Philippines (TMP) imports 39 completely built up (CBU) models, said the Philippines’ imposition of safeguard measures on imported CBU passenger cars and light commercial vehicles (LCVs) will not lead to increased...
Domestic automotive parts manufacturers and workers stood behind the Department of Trade and Industry’s (DTI) decision to impose provisional safeguard measure on imported completely built-up (CBU) cars and light commercial vehicles (LCVs) as a step that will arrest further decline in local auto...
Domestic car manufacturers and traders slammed the decision of the Philippine government to slap a punitive safeguard duty on imported completely built up (CBU) cars and light commercial vehicles (LCVs), citing short and long-term risks to the industrial sector, price hikes, deferment of expansion...
