Fewer countries exempted from safeguard duties on car imports — Trade dep't

BusinessWorld
February 25, 2021 | 12:31 am
FEWER COUNTRIES will be exempt from duties placed on car imports after the government reassessed its developing economy classifications set to comply with international rules, the Department of Trade and Industry (DTI) said.
In department administrative order 21-01 published on Tuesday, the DTI said that it must follow an agreement with the World Trade Organization (WTO) to exclude developing countries with minimal or insignificant import volume from safeguard measures.
But it also said that developing economies are further classified in a low to lower middle-income spectrum and have low to high human development. It added that members of the Organization for Economic Cooperation and Development (OECD) are mainly high-income economies.

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