The Philippine Automotive Federation Inc. (PAFI) is backing a government proposal to hike its Common Effective Preferential Tariff (CEPT) rate on completely built-up (CBU) vehicle imports from Malaysia to 20%. In a draft letter to Tariff Commission Chairman Edgardo B. Abon, PAFI President Vicente T. Mills Jr. relays the PAFI’s position that "any CBU exports of Malaysia to the Philippines should be imposed an identical rate of 20% in the same way that Malaysia will impose on its CBU ...

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