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The Department of Trade and Industry order to implement safeguard measures against the imported automobile business is fast becoming the lightning rod for the Philippine auto industry; a sector that is feeling the sting of the economic effects of the COVID-19 pandemic.
Earlier today, Atty. Rommel Gutierrez, the president of the Chamber of Automobile Manufacturers of the Philippines, Inc. (CAMPI) has just issued a statement regarding the matter.
“As if the adverse impact of the pandemic is not enough, the decision to impose provisional safeguard measures against imported vehicles is yet another blow to the automotive industry. This will further derail the recovery efforts of industry players and stakeholders,” said Atty. Gutierrez.