The Department of Trade and Industry (DTI)has concurred with the recommendation of the Tariff Commission (TC) not to extend the definitive general safeguard duty on imported cement from various countries. Department Administrative Order 22-14 Series of 2022 signed by DTI Secretary Alfredo E....
The Department of Trade and Industry has become more resolute in protecting domestic manufacturing industries with its aggressive move to exercise the right of the government to impose safeguard duty to stop the surge of imports of certain products as provided under the Safeguard Measures Act. ...
MG covers safeguard duty on vehicles until June 30 Those in the market for a new car are probably well aware of the Department of Trade and Industry’s (DTI) safeguard bond on all imported vehicles . In a continuous effort to provide safe, modern, attainable mobility solutions to the Filipino...
EDITORS DESK Iñigo S. Roces Now over a year into the pandemic, it’s becoming apparent that normal may take a while to return. As such, with many of the health and safety protocols already established, many are beginning to look further into the future, particularly mobility. Those in the market...
For those in the market to buy a vehicle, committing to a purchase can be frightening with the way prices have been fluctuating. It begs the question, 'Are car prices going up or down?' Annual sales reports from 2020 and the first couple of months of 2021 paint a bleak picture of the automotive...
Honda Cars Philippines Inc. (HCPI) said it will collect only a portion of the safeguard duty imposed by the government on their affected imported passenger car and light commercial vehicle models to lessen the burden on their customers. In a public advisory, HCPI said it will only collect ...
Mitsubishi Motors Philippines Corp. (MMPC), the country’s second largest car company, has issued a public advisory requiring buyers to post provisional cash deposit on brand new motor vehicle purchases affected by the provisional safeguard duty imposed by the government. In the public...
Will bonds shift demand locally? On January 4, 2020, the Department of Trade and Industry announced the imposition of a safeguard duty or tariff on imported cars in response to a petition made by the Philippine Metalworkers Alliance (PMA). The provisional safeguard duty will be in the form of a...
Just a few days ago, the Department of Trade and Industry announced the imposition of a safeguard duty or tariff on imported cars in response to a petition made by the Philippine Metalworkers Alliance (PMA). The provisional safeguard duty will be in the form of a cash bond amounting to P70,000/unit...
