Tag: #imported cars
Stakeholders in the government and automotive industry seem split on the newly imposed safeguard duty on imported vehicles, with some lauding the development while others argue it will not achieve the desired effect.
The Department of Trade and Industry announced the imposition of a safeguard duty on imported cars. We go through some common questions you may have.
The Philippines today slapped a provisional safeguard duty against imported passenger cars and light commercial vehicles (LCVs) to protect the domestic motor vehicle manufacturing industry from the onslaught of imported vehicles, a move that will hit Thailand and Indonesia the most being the top sources of LCVs in the country.