Duterte temporarily slashes imported rice tariffs, 'modifies' pork import tariffs PricePatrol
MANILA — President Rodrigo Duterte has approved temporarily reducing the tariff rates on imported rice, and "further modified" tariffs on imported pork products to ease the burden on consumers, his office said on Saturday.
Based on the Executive Order No. 135 , the tariff rates for imported rice were reduced to 35 percent from 40 percent in-quota and 50 percent out quota for one year.Watch more in iWantTFC The move was made "in order to diversify the country’s market sources, augment rice supply, maintain prices affordable, and reduce pressures on inflation," according to the office.
This will also increase to 15 percent for in-quota and 25 percent for out-quota from the 4th to 12th month. "[The tariff rates for pork products were] further modified in recognition of the plight of all concerned sectors and stakeholders, including the local hog industry."
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