BusinessWorld E-paper
November 25, 2022
THE NATIONAL Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos, Jr., has approved an executive order (EO) that will slash tariffs on some electric vehicles (EVs), as well as guidelines for public-private partnership projects (PPPs) and a new P11.42-billion fisheries and coastal resiliency project.
Socioeconomic Planning Secretary Arsenio M. Balisacan said the EO, which will be issued by Malacañang, will temporarily bring down the most favored nation
(MFN) tariff rates to zero percent on completely built-up units (CBU) of some EVs for five years.
