MANILA/BANGKOK -- As the Philippines prepares to enact import safeguards on automobiles next week in a bid to protect domestic business, foreign automakers are bracing for a major disruption to their supply chains and the market as a whole.
Foreign automakers expect greater disruption from new safeguards
A Toyota Motor factory in Laguna, close to the capital city of Manila. The Philippines subsidizes automakers that assemble vehicles in the country. (Photo by Neal Oshima)
MANILA/BANGKOK -- As the Philippines prepares to enact import safeguards on automobiles next week in a bid to protect domestic business, foreign automakers are bracing for a major disruption to their supply chains and the market as a whole.