Philippines eyes lower duties, FTAs to build auto supply base - BusinessWorld Online

Philippines eyes lower duties, FTAs to build auto supply base - BusinessWorld Online

By Justine Irish D. Tabile, Reporter THE GOVERNMENT is negotiating for lower tariffs and forging free trade agreements (FTA) to build a robust automotive supply base, according to the Philippine Economic Zone Authority (PEZA). “This includes strategic efforts such as negotiating more favorable tariff regimes under Most-Favored Nation (MFN) terms [and] attracting key manufacturers looking to diversify from China under the China +2 strategy,” PEZA…