Columbian Autocar Corporation (CAC) is thankful for the passage and implementation of the ASEAN- Korea Free Trade Agreement (AKFTA).
As the exclusive distributor of Kia Motors in the Philippines, CAC President Ginia R. Domingo believes that the AKFTA will definitely be a catalyst to stimulating increased demand for Kia vehicles into the local market.
“Lower tariff duties should augur well for our entire line. In fact, Kia’s latest offerings to be rolled out this year, like the Kia Soul MT and Kia Grand Carnival 11-seater, will already be more competitively priced because of the AKFTA”, Domingo said.
Lower tariffs will allow distributors like CAC to be able to add more options in their product variants, thus giving customers more value-added features in their choice of vehicle variants.
By lowering trade barriers, consumers will be able to take advantage of competitive prices, improved product development, and more options to choose from.
“Overall, we strongly support the Agreement’s main objective of strengthening trade and economic relations among ASEAN Member States and the Republic of Korea, and CAC is very positive that this will redound to a more progressive and dynamic automotive market and heightened competitiveness and demand for KIA vehicles,” Domingo declared