US auto parts traders urged to move from China to PH
a recently concluded trade mission to the United States, members of the Philippine Auto Parts Maker Association (PPMA) have stated their case to US auto parts trading companies: Decentralize the Chinese automotive industry by moving some of their businesses to the Philippines. PPMA members cited the ongoing COVID-19 pandemic which originated in China in late 2019 as part of the reasons for the need to decentralize.
Last March 2, representatives of the PPMA were in Los Angeles for a trade mission promoting Philippine auto parts for the American aftermarket. The group also had a meeting the whole afternoon of March 6 in the Philippine consulate in New York City.
The game plan was to lure US companies, and eventually the European auto market who have manufacturing hubs in China, to consider transferring their operations to the Philippines.
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