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Auto parts workers call for manufacturing incentives

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.”

DTI amenable to extending CARS program

DTI amenable to extending CARS program Louella Desiderio © boiphilippines twitter DTI amenable to extending CARS program MANILA, Philippines The Department of Trade and Industry (DTI) is open to extending for three years an incentives program for the automotive industry to comply with participants’ production targets given the downturn in vehicle sales due to the pandemic. “(Extending for) three years, we’re open, if that is what the automotive industry wants,” Trade Undersecretary Ceferino Rodolfo told reporters. Last month, Toyota Motor Philippines Corp. (TMP) chairman Alfred Ty said the firm is hoping the government would extend the Comprehensive Automotive Resurgence Strategy (CARS) program for three years to enable the participants to meet their volume commitments amid the impact of the coronavirus disease 2019 (COVID-19) pandemic.

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