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Philippine Auto Parts Makers Target ASEAN Market
The Philippine automotive manufacturers will participate for the first time in the Thailand Auto Parts and Accessories (TAPA) 2010 (April 28 – May 2), the largest auto parts and accessories trade fair in Thailand.
The Philippine participation is in line with the goal of heightening the profile of the Philippine automotive industry globally, said Deputy Executive Director and CITEM officer in charge Ma. Lourdes Mediran.
The auto show is identified as an important sourcing event for international players in the Association of Southeast Asian Nations (ASEAN) market. Industry reports say that the ASEAN region has a promising global market for the automotive industry with sales amounting to 2 million vehicles in 2008. ASEAN countries are attracting major investments in vehicle production and because of growing demand; some major auto companies are in want of a production hub in ASEAN next to Thailand.
“The Philippine participation to the event aims to boost the local auto parts sector and highlight the country’s capability in supplying high quality automotive products and services. The participation also aims to bring back the Philippines into its position as a major player in the auto parts and accessories industry in the Asia Pacific,” said Trade Undersecretary Thomas G. Aquino.
According to the Philippine Export Development Plan (PEDP) 2008-2010, the Philippines hopes to build deep economic ties with the ASEAN region and ASEAN partners like China, Korea, Australia, New Zealand and Japan. Philippine goods including automotive parts are recognized as among the government’s revenue stream projected to grow to US$ 61 billion this year. The PEDP defines the country’s export strategies and programs that shall be implemented by government and the private sector.
Philippine auto parts manufacturers are confident that Thai Auto Fair 2010 will establish the Philippines as the new sourcing hub of auto parts and components. “We hope to make an impact in the Thai fair with products that are applicable to the Thai and ASEAN markets,” said Rommel T. Juan, Vice-President on External Affairs of the Motor Vehicle Parts Manufacturing Association of the Philippines (MVPMAP).
To date, there are about 256 companies manufacturing auto parts and accessories in the country. Tradeline Philippines also posted an increase of Philippine transport equipment to Thailand by almost 300% from 2001 to 2006 with export sales amounting to US$ 126 million and US$377 million respectively. Joining MVPMAP are other industry partners including the Philippine Automotive Competitiveness Council, Inc. (PACCI) and the Philippine Automotive Federation, Inc. (PAFI).
With free trade agreements (FTAs) in the ASEAN region in place, neighboring countries such as China, Japan, Korea, Australia, and New Zealand are also exploring business development with the ASEAN countries. “The exhibition is important for countries such as the Philippines so our local auto parts manufacturers can gain inroads in the fast growing ASEAN market,” added Aquino.
In 2008, TAPA featured 285 exhibitors from Thailand, Taiwan, Malaysia, Singapore and Germany attracting more than 13,800 trade buyers from 60 countries around the world including Japan, China, Middle East, India, US and Brazil.
For more details, contact CITEM’s Industrial Goods and Services Division at (632) 831-1268, (632) 831-2201 loc. 257/227 or email email@example.com.
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The Center for International Trade Expositions and Missions (CITEM) is an export promotions arm of the Philippine Department of Trade and Industry.