DIRECT IMPORTER/DEALER OF JAPAN USED VEHICLE/QUALITY CONVERSION WITH YEARS OF EXPERIENCE/TOP CONDITION UNITS/WIDE SELECTION TO CHOOSE FROM/BEST IN AFTER SALES SERVICE
MANILA, Philippines—The Cagayan Export Zone (CEZ), a free port that was created at the instance of administration Sen. Juan Ponce Enrile, has replaced Subic Freeport as the place where imported second-hand luxury vehicles enter the country, according to a report of the American Chamber of
During the first four months of the year alone, 1,773 units, including Mitsubishi Pajeros and BMW Z3s, were shipped into Port Irene, or 61 percent of what was brought there for the whole of 2007.
Amcham said it saw less than 1,000 vehicles in stock during its visit, with no low-end passenger or utility vehicles among the lot.
The chamber reported that only one firm, Apollo International Cagayan Trading Corp., was authorized to import used vehicles. Seven other firms were engaged in auto conversion and resale.
Click HERE for the complete story
The Cagayan Economic Zone (CEZ) in the
The CEZ grabbed headlines recently because of reports that used cars from
Senator Enrile himself vehemently denies any hanky-panky in Port Irene. “There is no smuggling being committed at the economic zone. The used cars being imported to the port are already five years old and go through the legal processes,” he said.
The American Chamber of Commerce (AmCham), after conducting a look-see of the enclave, noted that a single firm, the Apollo International Cagayan Trading Corp., is authorized to import used vehicles, mostly higher-end passenger cars and SUVs. CEZ officials claim the used vehicles help local small entrepreneurs who cannot afford new vehicles, and that they have limited the number of locators to eight and monthly sales to 200 vehicles.
The issue really is whether EO 156 applies to the CEZ free port. Ceza officials say their lawyers advised them that the Ceza could allow used-car importers to sell into the RP customs territory pending final court decision. It would seem that the government allows the used-car imports to continue
out of deference to Senator Enrile, who is considered an administration ally. But the precedent of importing used cars for local sales at remote free ports, the AmCham says, should be of concern to local car manufacturers because other free ports may be established in different parts of the country which could also import “just 200 vehicles a month to help local businesses.”
While the AmCham clarified the other day that, “contrary to news reports, we never made a public statement or released a report adverting to the occurrence of smuggling in Port Irene,” Sen. Francis Escudero, chairman of the Senate ways and means committee conducting a hearing on the issue, said four government agencies, namely, the Department of Finance, Bureau of Internal Revenue, Bureau of Customs and Land Transportation Office, are liable for allowing used-car imports at the CEZ. What do these four agencies have to say on the matter?
from BUSINESS MIRROR