Foreign chambers urge stop of import used cars in Philippines
Joint Foreign chambers of commerce in the Philippines recently urged the government to immediately stop the importation and resale of used vehicles through port Irene in Cagayan Province.
Since these imports started in June 2005, nearly 8,000 units have entered the Philippines through the port, competing with vehicles assembled by the local subsidiaries of American, Japanese and European car companies “We are of the opinion that these used vehicle importation and sales at the Cagayan economic zone are illegal and contrary to the policy of president Arryo,” the group said in a letter to Finance Secretary Margarito Teves
The group urged the Bureau of Customs to stop the imports immediately.
While free ports like Subic Bay are allowed to import such vehicles, the law limits their use to within the economic zones, and bars their entry in Philippine Customs terriotory.
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