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Japan seeking lower auto and steel tariffs from Philippines- Mr Takahiko Shiba-2019 China(Guangzhou)Int’l Metal&nbs
p;& Metallurgy Exhibition-metal exhibition
11/13/2018 金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo |
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B World Online reported that Japan is seeking lower tariffs for automobiles and steel products amid an ongoing review of the Philippines-Japan Economic Partnership Agreement. Mr Takahiko Shiba, Trade and Commercial Attaché at the Embassy of Japan to the Philippines, told reporters in Manila “Already tariffs on most types of goods are reduced. But still there are tariffs on automobiles and steel products… The government of Japan will request the Philippines to reduce tariffs.”
For automobiles, the Japanese official was referring to tariffs on vehicles with a displacement volume not exceeding 3,000 cubic centimeters. These include sedans, sports cars, station wagons, racing cars, prison vans, ambulances, and all-terrain vehicles, among others.
Mr Shiba said that the under the free trade agreement between the Association of Southeast Asian Nations with South Korea, the tariff rates for these automobile lines average 5%.
On the other hand, they average around 20% under the PJEPA.
On steel products, Mr Shiba said the Philippines continues to impose import duties on some steel products.
On the other hand, the Philippines has been seeking greater market access for agricultural goods, particularly tropical fruits such as bananas, mangoes, and pineapples.
Sought for comment on the Philippine wish list, Mr Shiba said that “I think it will be tough negotiations. Of course, Philippines would like to export many agricultural goods to Japan. On the other hand, Japan would like to introduce a lot of new sectors like e-commerce.”
The PJEPA is the Philippines’ lone bilateral trading agreement which it ratified and officially implemented in 2008. Under the deal, both countries are slated to conduct a general review ten years after the deal took effect. This means the review was supposedly slated in 2016 instead of this year.
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