Announced on February 21, 2024, the Department of Trade and Industry (DTI) Secretary recognized the significant role of robust public and private partnerships in driving the Philippines’ automotive industry during the ceremonial turnover of Toyota Motor Philippines Corporation’s (TMP) presidency on February 20.
With all the economic gains from the collaboration between DTI and TMP, DTI Secretary presented plans to further DTI - TMP partnership with a strong focus on software development that will establish the Philippines as a hub for automotive software innovation. This initiative is expected to transform the digital landscape of transport and logistics, enhancing the mobility ecosystem with sustainable solutions.
DTI also ensured that the government’s support for the automotive industry remains unwavering. Through strategic policies and incentives, the government is committed to incentivizing investments that generate quality employment opportunities.