DTI’s Safeguard Duty On Imported Cars, LCVs To Be Suspended
The DTI’s Safeguard Duty on imported vehicles will be brought to a halt, and the bonds you paid will be refunded soon.
The DTI’s Safeguard Duty on imported vehicles will be brought to a halt, and the bonds you paid will be refunded soon.
The DTI wants to protect local automotive manufacturing by adding tariffs to imported cars. Will this hurt the Philippine auto industry?
Citing weakening demand and increased appetite for its pickups and SUVs, local production of the Nissan Almera will end on March 2021.
Imported passenger cars and light commercial vehicles will soon be more expensive due to the added tariffs to be imposed by the DTI.