6 months Zero tariff mulled for SKorean e-vehicle parts Manilatimes |Biz
Tariffs on electric vehicle (EV) parts from South Korea may be removed in exchange for easier market access for Philippine agricultural products, a Department of Trade and Industry (DTI) official said. The DTI is currently studying the possibility of providing zero tariff on South Korean electric vehicle part imports, DTI Undersecretary Rodolfo Ceferino said in Taguig City last week. “Number one [for us] would be agricultural products, not just bananas,” Rodolfo said when asked for possible deal exchange for South Korea’s request for the government to lift tax on electric vehicle parts. The DTI earlier announced the beginning of the ... more