Philippines Cuts Rice Tariff, Revises Pork Duty to Ensure Supply

Philippines President Rodrigo Duterte approved temporary adjustments on rice and pork tariffs to ensure sufficient supply and keep prices from climbing.

The “most-favored nation” tariff rates for rice were cut to 35% for one year, according to a statement issued by the presidential office on Saturday. Duties on pork products were adjusted to 10% for in-quota imports and 20% for out-quota imports for the first three months, and to 15% in-quota and 25% out-quota for the following nine months.

An executive order issued earlier this year sharply cut pork tariffs on a graduated basis, but was amended to allow the recovery of the local hog industry.

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