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THE Chamber of Automotive Manufacturers of the
Philippines (Campi) has bucked the Board of Investments’ decision
to limit fiscal incentives and other perks only to assemblers that
will pour in money for parts and components.
Elizabeth Lee, Campi president
and executive vice-president of Universal Motors, told reporters
that the local assemblers bristle at the idea of giving out full
incentives to only those that will put up parts and components
plants.
“Without completely knockdown
assemblies [CKD] there should be no opportunity for the makers of
parts and components,” Lee said.
Trade Secretary Peter Favila, who
is also the BOI chairman, is set to endorse the “purely-assembly,
no-incentives” policy to Malacañang under the final draft of the
2008 Investments Priorities Plan.
But Lee said that before the
industry could convince the Original Equipment Manufacturers (OEM)
to put up CKD facilities here, the quality, cost and delivery of
local parts and components have to be considered strongly.
--Katrina Mennen A. Valdez
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