BusinessWorld
January 13, 2021 | 12:06 am
A CAR parts labor group is urging the government to introduce new incentives for automotive companies manufacturing locally to complement import safeguards designed to protect the local industry.
The Philippine Metalworkers Alliance (PMA), along with its associate Sentro ng mga Nagkakaisa at Progresibong Manggagawa, said that the import duties set this month “should only be the start.”
PMA had successfully petitioned the Trade department to slap duties on imported cars after it flagged a link between a recent surge in imports and a decline in local employment.
The labor group in a statement on Tuesday said that the government incentives program offering fiscal support to car companies that locally produce 200,000 units of high-volume car models for six years should be “earnestly implemented.”
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PASIG CITY, Dec. 29 (PIA) The Department of Trade and Industry (DTI) will issue policies to protect the local automotive industry from imported vehicles.
In a report by PTV News Online, DTI Undersecretary Ceferino Rodolfo said a plan will be submitted to DTI Secretary Ramon Lopez for final approval before 2020 ends.
Based on their initial investigation, the local industry must have adequate protection from taxes against those who import cars.
Rodolfo pointed out that the government is considering the hardship experienced by local manufacturers of cars just to recover from the pandemic.
The data of the Chamber of Automotive Manufacturers of the Philippines Inc., and Truck Manufacturers Association shows that car sales in the past 11 months have dropped by 41.6 percent. (PIA NCR)
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