Manila approves zero tariff for hybrid car parts


MANILA, Jan 26 (Reuters) - The Philippine government has decided to waive import duty on parts and accessories used for manufacturing hybrid cars, the presidential palace said on Thursday. The order signed by President Gloria Macapagal Arroyo is part of government's efforts to reduce fuel consumption by 5 percent in light of the continuing increase in oil prices. "The emerging alternative-fuel-vehicle technology present opportunities for improving energy efficiency of transportation," ...

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