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December 10th, 2009 02:58 AM #31as always, it will not be the taxes that will dicate the price kungdi the demand. when car sellers made it possible na sa halagang 30K down eh magkakatsikot ka na, that alone boosted the demand a hundredfold.
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December 10th, 2009 05:42 PM #32
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January 15th, 2010 05:53 PM #34
Carmakers seek changes in auto tariffs-cut provisions of Jpepa
Carmakers seek changes in auto tariffs-cut provisions of Jpepa
Written by Max V. de Leon / Reporter
Wednesday, 25 November 2009 20:24 -
LOCAL automakers welcomed the pronouncement of the government that it is likely to keep the
tariffs imposed on imported Japanese vehicles and pursue the renegotiation of the automotive
provisions of the Japan-Philippines Economic Partnership Agreement (Jpepa).
Elizabeth Lee, president of the Chamber of Automotive Manufacturers of the Philippines Inc.
(Campi), told the BusinessMirror that the group wrote a letter to the Department of Trade and
Industry (DTI) and the Board of Investments (BOI) to immediately initiate the negotiation of the
auto tariffs-reduction provisions of the Jpepa.
“We asked them to seek the retention of the current tariffs until 2013,” Lee said.
Trade Senior Undersecretary Thomas Aquino earlier told the BusinessMirror that the Philippines
has already sent a notification to Japan seeking a renegotiation of the Jpepa provisions on the
auto tariffs elimination, which the agreement specifies, should be done this year.
The Automotive Industry Workers’ Alliance (Aiwa) is also seeking an extension of all the current
tariff rates until the maximum period allowed by Jpepa or until 2013.
Aiwa said the country could witness the unrestricted entry from Japan at zero tariff of completely
built-up motor vehicles and parts and components beginning next year if no renegotiation takes
place.
This puts at risk the jobs of 75,000 industry workers; P100-billion investment in the auto industry
that generates around P12 billion in annual government revenue from duty, excise tax and
value-added tax; merchandise exports totaling $2 billion annually; and P350 million in
withholding tax per year.
But Aquino assured that the government will only agree to alter the country’s auto tariffs once it
has ascertained that the “increased investment” that Japan promised under the Jpepa has
indeed poured into the local industry.
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Carmakers seek changes in auto tariffs-cut provisions of Jpepa
Written by Max V. de Leon / Reporter
Wednesday, 25 November 2009 20:24 -
This increased investment, Aquino said, is what the government is now validating.
Lee said the industry has already sent to the government the data that it needs in negotiating
with Japan.
In its letter to the BOI and the DTI, Campi committed to support the government in the
renegotiation.
The Campi members gave their respective position, and they came into an agreement that tariff
elimination under Jpepa for both motor vehicle parts and parts and components should be
deferred.
The industry players are seeking protection from imported completely built vehicles as they
have poured in more than P1 billion since 2005 for the production facilities, new model
developments and parts manufacturing.Last edited by ghosthunter; May 2nd, 2010 at 11:57 AM. Reason: Looks like CAMPI is behind the delay
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May 2nd, 2010 09:23 AM #35
RP, Japan at loggerheads over automotive import tariffs
0 Comments | Manila Bulletin, April 25, 2010
The Philippines and Japan are at loggerheads over automotive import tariffs.
Japan is pressing for zero tariff on both completely built-up packs with engine displacements of above 3 liters and automotive parts imported from Japan while the Philippines may be amenable only to zero tariff on imported CBUs of above 3 liters but would like to keep the rates on auto parts of as much as 30 percent until 2013.
Trade and Industry senior undersecretary and chief negotiator of the Japan-Philippines Economic Partnership Agreement (JPEPA) Thomas G. Aquino described the ongoing negotiations as "very tough."
"We are in a very hard position now. We are in a stage of very tough negotiation and we have the same level of intensity," Aquino said.
"I agree," said Tomichika Uyama, chief economic affairs of the Japanese Embassy in Manila.According to Aquino, the Philippine position is consistent with the industry development program under the Motor Vehicle Development Program (MVDP).
"Our position is as long as what they offer is consistent with our industry development program," Aquino stressed. Apparently, the Japan position does not jive with the local industry plan.
Actually, the Philippine position is already an improvement of its original position to keep the CBU tariffs at 30 percent as well as the 10-20-30 tariff rates on autoparts until 2013.
The Philippines though may agree to bring down to zero the CBU rates because there is no local assembler of the 3-liter above vehicles.
Besides, an official explained that the JPEPA provides for the reduction to zero the tariff on above 3 liter vehicles by 2010 although the deal also provided for a renegotiation of the auto tariffs for as long as the contracting party initiates it before end 2009, which the Philippines did.
But the DTI said that this is premised on a condition that any reduction in auto tariffs is premised on the commitment of Japan that it will pour in significant investments in the domestic industry, the scale of which is to be determined by the Philippines.
An official said that this is now a contentious issue because Japan has not really made additional investments in the local auto sector since under the JPEPA.
This situation, however, has strengthened the argument that since there is no local assembler in the above 3-liter category to protect, then tariffs could now be reduced to zero as stated under the JPEPA."It is up to each auto company to invest more in the Philippines although we would like to encourage them to invest here," Uyama said.
Generally, Uyama said it is but difficult for government to predict if there would be new Japanese investments into the Philippines.
"But, what I can say is that the global economic crisis, particularly Asia, is recovering and hope this trend will continue also in the Philippines," he said.
He said the JPEPA provided for better environment to improve business and both countries continue their talks to improve business environment.
COPYRIGHT 2010 Manila Bulletin Publishing Corp.
COPYRIGHT 2010 Gale, Cengage Learning
It seems the car companies simply jacked up prices in anticipation of a price rollback due to Jpepa. No wonder toyota has bigger engined cbu suvs on indent order basis.Last edited by ghosthunter; May 2nd, 2010 at 11:47 AM.
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May 2nd, 2010 11:55 AM #36
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May 3rd, 2010 12:57 PM #37
This is one big reason why I will not vote for Mar Roxas, JPEPA. This treaty is full of $hit. Napaka-one sided. As always, ibinenta tayo ng mga hudas na mga pulitiko na nagsulong sa kalokohan na ito.
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May 3rd, 2010 01:55 PM #38
from the article posted above:
But the DTI said that this is premised on a condition that any reduction in auto tariffs is premised on the commitment of Japan that it will pour in significant investments in the domestic industry, the scale of which is to be determined by the Philippines.
An official said that this is now a contentious issue because Japan has not really made additional investments in the local auto sector since under the JPEPA.Generally, Uyama said it is but difficult for government to predict if there would be new Japanese investments into the Philippines.
why would they go thru the trouble of building and operating new manufacturing facilities when they can just bring in CBUs?
even with the new MVDP already signed by the president, there's no guarantee the Japanese automakers will increase their investments here
the incentives offered by the new MVDP is useless coz JPEPA's zero tariff encourages Japanese automakers to import CBUs nalang kesa mag assemble CKDs ditoLast edited by uls; May 3rd, 2010 at 01:58 PM.
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May 3rd, 2010 02:15 PM #39for all its worth, bringing down taxes or free trade for that matter should be good for us consumers.
lets face it i do not think we are going to be the next manufacturing hub in asia. our electricity cost i believe is one of the highest. labour costs compared to our neighbours are also high...
as an aside, i think there were other provisions of this agreement which were not trade related but were onerous to us. one such provision dealt with japan exporting its garbage to the phil. i do not know who in their right mind will agree to this? don't we have enough garbage of our own that we have to import other people's wastes? and this is literally garbage...
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May 3rd, 2010 02:44 PM #40
br733:
lets face it i do not think we are going to be the next manufacturing hub in asia. our electricity cost i believe is one of the highest. labour costs compared to our neighbours are also high...
the new MVDP govt incentives will just be offset by the high cost of electricity
the recent Meralco increase is THE talk of the business community these days
a friend's company's recent electric bill is P400,000+.... up from their "normal" P200,000+/month
so ano gagawin nila?
tataasan nalang nila prices nila
i'm sure everyone will do the same thing (so expect higher prices of goods and services everywhere)
that's business
and we're supposed to compete with other asian countries?
as an aside, i think there were other provisions of this agreement which were not trade related but were onerous to us. one such provision dealt with japan exporting its garbage to the phil. i do not know who in their right mind will agree to this? don't we have enough garbage of our own that we have to import other people's wastes? and this is literally garbage...
our nurse and caregiver factories have produced too much of them
the govt has to look for a place to dump them (i mean export them) so they'll be productive and earn forex
Japan has a lot of junk. they needed some place to dump the junk
great idea JPEPA no?
Last edited by uls; May 3rd, 2010 at 03:32 PM.
Buhay na buhay ang BGC this evening. Bukas halos lahat ng restaurants. Sabi pa nung isang cashier...
Traffic!