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1 million kilograms, an increase of 46%
.
Among them, pork accounted for half of the total imports, 81.
3 million kilograms, an increase of 49% year-on-year; chicken imports was 52.
6 million kilograms, an increase of 69% year-on-year; beef imports were 24.
2 million kilograms, an increase of 23%
.
Last year, President Duterte signed Executive Order 134
.
The executive order stipulates that pork imports within the quota or below the minimum access volume (MAV) will be subject to a 10% tariff, and the portion beyond the quota will be subject to a 20% tariff for 3 months; after 3 months, the quota The tariff on domestic imported pork will rise to 15%, and the portion exceeding the quota will be taxed 25%
.
The executive order will expire in May this year
.
To ease food price volatility in the Philippines caused by soaring global oil prices, the Philippine government’s economic team is proposing to extend the effect of low tariffs to expand supplies and lower pork prices
.
.
The executive order stipulates that pork imports within the quota or below the minimum access volume (MAV) will be subject to a 10% tariff, and the portion beyond the quota will be subject to a 20% tariff for 3 months; after 3 months, the quota The tariff on domestic imported pork will rise to 15%, and the portion exceeding the quota will be taxed 25%
.
The executive order will expire in May this year
.
To ease food price volatility in the Philippines caused by soaring global oil prices, the Philippine government’s economic team is proposing to extend the effect of low tariffs to expand supplies and lower pork prices
.