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The Philippines intends to reduce tariffs to expand the source of imported rice

 Last Update: 2021-02-12
 Source: Internet
 Author: User

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Agriculture Minister Dar said the ministry had submitted a petition to the Customs Commission to reduce MFN tariffs on rice imports to 35 percent, in a move aimed at increasing traders' choice of sources of rice imports, the Philippine Business Mirror reported on February 1.
currently 40 per cent of the quota within the minimum import of rice (MAV) and 50 per cent outside the quota.
, the Agriculture Department's proposal to lower tariffs contradicts the views of industry groups.
FFF said in a statement that the Ministry of Agriculture's proposal to reduce tariffs on rice was "baseless and anachronistic".
, president of the Philippine Chamber of Agriculture and Food, said lower tariffs would compete with local producers adapting to the new trading system and would also cut government revenue from rice tariffs.

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