Govt holds trade fair to boost localization of auto parts

Quick Summary:

The government is organizing a trade fair that will gather motor vehicle parts manufacturers in the country and Asean nations in its bid to increase the localization of auto parts.

Thailand led the pack in terms of motor vehicles produced with 1,128,026 units.

According to the BOI, attendees will have the chance to browse “high-quality” parts and components, showcased by BOI registered automotive enterprises, with possibility of supplying such parts, “thereby strengthening the supply chain of the Philippine automotive industry.

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Article Details

Author / Journalist: Andrea E. San Juan

Category: BusinessStartups

Markets: PhilippinesIndonesiaMalaysiaMyanmarThailandVietnam

Topics: Local Period Vehicle Parts Asean Philippines Automotive Fair Trade Motor Units

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 16:03:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 556 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23635428

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