Philippines hits imported cars and vans with tariffs to help domestic industry

📆 04-01-21 18:50:00
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MANILA - The Philippines is imposing temporary duties on imported passenger cars and light commercial vehicles to protect its tiny carmaking industry hit hard by the pandemic, its trade minister said

on Monday.

"While we generally do not restrict products coming into the market, we also need to ensure the level playing field for our local industry," Trade Secretary Ramon Lopez said in a statement. The Philippines' motor vehicle manufacturing sector employed nearly 90,000 workers as of 2018, government data showed.

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