Tariff cuts on Chinese, Korean vehicles pushed

Vehicle importers are urging the government to implement the scheduled tariff cuts under the Asean free trade agreements (FTAs) with China and Korea.

Fe Perez-Agudo, president of the Association of Vehicle Importers and Distributors (AVID), said the group has submitted a position to implement the scheduled reduction to 20 percent from 30 percent in 2012 under Asean-Korea FTA tariffs on light commercial vehicles (LCVs).

Agudo is president and chief executive of Hyundai Asia Resources Inc. (HARI), the exclusive distributor and importer of Hyundai vehicles.