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Philippines Briefings 2021: Philippines imposes temporary tariffs on imported cars and trucks

04 Jan 2021

The Philippines is imposing temporary duties on imported passenger cars and trucks in an effort to protect the local automotive manufacturing industry which has seen a rising imports partly driven by carmakers such as Isuzu Motors and Honda Motors halting local production and importing vehicles from countries in the region instead.

“The Philippines has one of the most open markets relative to our ASEAN neighbors. While we generally do not restrict products coming into the market, we also need to ensure the level playing field for our local industry,” said Ramon Lopez, secretary of the Department of Trade and Industry (DTI).