![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCK'S MARKET * Philippines - Truck makers press for 2013 deadline for tariff reduction
Manila,Philippines -The Business World, by E. N. J. David -May 19, 2010: -- Truck and auto parts makers oppose the proposal of the Japanese government to bring tariffs of trucks, buses and other motor vehicle parts down to zero percent by next year, pushing instead for a 2013 deadline... During a hearing yesterday of the Tariff Commission on tariff cuts for large motor vehicles under the Japan-Philippines Economic Partnership Agreement (JPEPA), truck manufacturers and parts providers said the government must insist that tariffs be brought down in 2013, the maximum deadline on this requirement under the pact... Current tariffs stand at 10% for buses and 20% for trucks... But an annex to the agreement allows the Philippines to postpone tariff cuts on various automotive products -- currently slapped duties ranging from 10% to 30% -- to as late as 2013 as long as negotiations are initiated this year and investments sunk into the domestic vehicle industry are deemed sufficient... The Japanese government proposed that the tariffs for trucks and buses be brought down starting next year... (Photo from balita.ph: relief center)
Labels: trucks' markets
posted by Unknown @ 2:07 PM
0 Comments:
Post a Comment
<< Home