FARMER organizations are asking the government not to extend a scheme of lowered tariffs on food imports, which expire at the end of the year. Arguing the absence of benefit to consumers, the organizations said in a joint statement on Wednesday that President Ferdinand R. Marcos, Jr. should not extend Executive Order (EO) 171, and […]
Tag: tariffs
Farmers lobby Marcos not to extend EO setting low rice tariffs
THE Federation of Free Farmers (FFF) asked President Ferdinand R. Marcos, Jr. not to extend the effectivity of an executive order setting lower tariffs for rice imports. FFF National Manager Raul Q. Montemayor said in a statement on Monday that lower tariffs do not benefit consumers. Executive Order (EO) No. 171 signed by former President […]
Extended low tariffs for pork, rice seen needed, but farm lobby says traders cornering benefits
A PROPOSAL to extend lowered tariffs for pork, rice, corn, and coal will temper the effects of surging inflation, the Foundation for Economic Freedom (FEF) said. Kristine F. Alcantara, FEF fellow, said during a hearing of the Tariff Commission (TC) on Wednesday that extending the effectivity of Executive Order (EO) No. 171 would help […]
Lower pork tariffs to be extended
THE MARCOS administration is planning to extend lower tariff rates on key commodities such as pork, corn, rice, and coal to next year, Finance Secretary Benjamin E. Diokno said, as the government seeks to curb rising food inflation. “[The] economic managers have repeatedly raised the needed measures to address food inflation. In the last Cabinet […]
All options on table in China tariff review, US trade official says
WASHINGTON – The Biden administration is considering “all options” as it reviews potential changes to U.S. duties on Chinese imports, including tariff relief and new trade investigations in a shift of focus to strategic concerns with Beijing, Deputy U.S. Trade Representative Sarah Bianchi said on Thursday. Ms. Bianchi told Reuters in an interview that the agency is […]
BoC collections from pork imports P3.3B under lowered tariffs
THE Bureau of Customs (BoC) said it has collected P3.3 billion in revenue from pork imports after the government cut tariffs on the commodity to stabilize pork prices. Pork import volume was 214 million kilograms between April 7 and Dec. 10, or since President Rodrigo R. Duterte’s orders to lower pork import tariffs took effect, […]
High meat, poultry production costs blamed on corn tariffs
CORN TARIFFS are driving up the cost of producing livestock and poultry, putting the industry at a disadvantage relative to imports, the Philippine Association of Feed Millers, Inc. (PAFMI) said. Citing a study by the National Economic and Development Authority (NEDA), the association said in a statement Thursday that over the last decade, the Philippines […]
Customs collects nearly P11.7 billion in rice tariffs
THE BUREAU of Customs (BoC) has collected P11.69 billion worth of tariffs from 1.74 million metric tons (MT) of rice imports in the eight months to August, exceeding its fund-raising target for the rice modernization fund, though collections have fallen year on year due to lower import volumes. The Finance department said Sunday that collections […]
Commission sets hearing on petition seeking to increase pork tariffs
THE TARIFF Commission plans to hold a public hearing to discuss an increase in import duties on pork products proposed by the Samahang Industriya ng Agrikultura (SINAG). The commission in a notification on Wednesday said that the virtual meeting will be held on June 25. The hearing is part of the commission’s investigation in response […]
No basis for proposed adjustments to rice import tariffs, farmers say
THE justification for lowering of tariff rates on imported rice under Executive Order (EO) No. 135 has no basis and is “deceptive,” because there is no current shortage of imported rice, the Federation of Free Farmers (FFF) said. Raul Q. Montemayor, FFF National Manager, said in a statement Sunday that the EO amounts to a […]
Hog farmers say lower tariffs not necessary
THE hog raising industry said lowering tariffs on pork imports is not needed to resolve the pork shortage. Samahang Industriya ng Agrikultura Chairman Rosendo O. So said in a mobile phone message that the pork shortage can be addressed even with the previous tariff rates, while still allowing importers to charge P200 to P250 per […]