Palace recalls order on used-car imports
THE Palace will recall a directive that would have allowed the greater influx of used-motor vehicle imports, the Department of Trade and Industry (DTI) said.
Trade Secretary Peter B. Favila told reporters that Trade Undersecretary Elmer C. Hernandez had been ordered to defer the publication of Executive Order 617 until such time that corrections are made.
EO 617 implements the country’s commitment to reduce the Common Effective Preferential Tariff (CEPT) rates on products belonging to the priority sectors for regional integration under the Association of Southeast Asian Nations Free Trade Agreement (AFTA). Based on the CEPT tariff reduction schedule, certain products belonging to the priority integration sectors like electronics, garments and automotive should have zero tariffs by this year.
Asean members may identify specific products that will be included. In the Philippines, used cars were “inadvertently” included.
President Arroyo signed the directive last April, but the government has yet to publish the same. Had the government implemented the order, it would have run counter to another Palace directive that bans the import of used vehicles.
The recall comes after intense lobbying by local auto assemblers led by the Chamber of Automotive Manufacturers of the Philippines.
--Katrina Mennen A. Valdez - Manila Times
Trade Secretary Peter B. Favila told reporters that Trade Undersecretary Elmer C. Hernandez had been ordered to defer the publication of Executive Order 617 until such time that corrections are made.
EO 617 implements the country’s commitment to reduce the Common Effective Preferential Tariff (CEPT) rates on products belonging to the priority sectors for regional integration under the Association of Southeast Asian Nations Free Trade Agreement (AFTA). Based on the CEPT tariff reduction schedule, certain products belonging to the priority integration sectors like electronics, garments and automotive should have zero tariffs by this year.
Asean members may identify specific products that will be included. In the Philippines, used cars were “inadvertently” included.
President Arroyo signed the directive last April, but the government has yet to publish the same. Had the government implemented the order, it would have run counter to another Palace directive that bans the import of used vehicles.
The recall comes after intense lobbying by local auto assemblers led by the Chamber of Automotive Manufacturers of the Philippines.
--Katrina Mennen A. Valdez - Manila Times
Labels: dti, import, used vehicle
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