The Department of Trade and Industry (DTI) is finalizing a report that would recommend whether or not to further tax imported cars to protect workers in assembly and manufacturing plants as the auto industry still reels from lackluster demand. Trade and Industry Undersecretary Ceferino Rodolfo recently told reporters that the report on the safeguard measure was now being finalized. It would then be submitted to Trade and Industry Secretary Ramon Lopez for his approval.
Safeguard measures are trade remedies imposed by the government if a surge in imports is found to have seriously injured the local industry, or at least threatened to leave a serious injury. This specific investigation,…
Keep on reading: DTI finalizing report on safeguard duty on imported vehicles