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    Making European luxury cars more affordable disclosed at 1st European Motor Show

    MobilityMaking European luxury cars more affordable disclosed at 1st European Motor Show

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    The three -day 1st European Motor Show in the Philippines flaunted European excellence in automotive engineering and design as well as held open the move to make European cars more affordable through a Free Trade Agreement between the Philippines and the European Union.

    The European Motor Show featured some 20 magnificent cars of various classes from iconic European brands such as Audi, BMW, Maserati, Mercedes-Benz, Peugeot, Porsche, Volkswagen and Volvo that are famous for their fabulous luxury, eco-friendly auto technology and high safety standards. There was also a display of classic cars from the collection of European car clubs that participated in the event.

    European motorcycle makers such as BMW Motorrad, Ducati and Ural exhibited a dozen of their superbikes during the event while MAN showcased a passenger-friendly bus suitable for Metro Manila road conditions.

    The well-attended event at Bonifacio High Street was co-funded by the European Union and organized by Fairs & More, Inc. (FMI), a subsidiary of the European Chamber of Commerce of the Philippines (ECCP). The show was organized in cooperation with the EU-Philippines Business Network (EPBN) which includes the Belgian, British, European, French, German, Italian, Nordic and Spanish chambers of commerce. The show was supported by co-presenter Pilipinas Shell Petroleum Corporation that briefed visitors on Euro IV fuel standards as well as by sponsors MAN and JEC Philippines and media partner, CNN Philippines

    Also displayed at the motor show were different European-made automotive products, components, and tools. A crowd pleaser was a full-scale replica of a Formula 1 racing car provided by Asian Replicas and transported by Ex-Works that could be driven on a virtual race track. Children were likewise treated at the Volkswagen play tents to learn about road safety. There were also well-received seminars about road safety, automotive lighting and mass transport systems.

    The opening ceremonies of the event were led by Ambassador Franz Jessen, European Union head of delegation to the Philippines, and ECCP president Guenter Taus. EU Ambassador Jessen mentioned during the press briefing that while European car brands are technologically competitive, these are disadvantaged by high duties and taxes. He noted that a Free Trade Agreement (FTA) will be able to address this issue as well as help the Philippines in its development plans while boosting business ties and trade between both partners. The first round of FTA discussion is expected to start here in May with a second round to be held later this year in Europe.

    Taus said the FTA will contain provisions that will modify customs duties and other barriers to trade, services and investment. The elimination or reduction of customs duties should significantly level the playing field for European brands vis-à-vis Japanese brands, given that the latter enjoy preferential tariffs under JPEPA.

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