EV sector upbeat on FTA with Korea

By Janine Alexis Miguel

Oct 09, 2024 12:33 am

THE Electric Vehicles Association of the Philippines (EVAP) expressed optimism about the potential of local EV assembly in the Philippines following the signing of a memorandum of understanding with South Korea in line with the Free Trade Agreement (FTA) between the two countries.

EVAP Chairman Emeritus Ferdi Raquelsantos said the FTA could attract Korean brands to expand operations in the country, which would be beneficial since the Philippines is recognized for its quality manufacturing skills.

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