PRESIDENT Ferdinand 'Bongbong' Marcos Jr. has extended the temporary modification of rates of pork, rice, corn, and coal to augment supply agricultural commodities in the...
PRESIDENT Ferdinand 'Bongbong' Marcos Jr. has extended the temporary modification of rates of pork, rice, corn, and coal to augment supply agricultural commodities in the country.Signed on Dec. 29, 2022, Executive Order 10 states that meat of swine, fresh, chilled or frozen, maize, rice, and coal shall be subject to the Most Favored Nation rates of duty.
'There is a need to extend the effectivity of the reduced tariff rates on rice, maize , coal, and meat of swine to maintain affordable prices for the purpose of ensuring food security, help augment the supply of basic agricultural commodities in the country, reduce the cost of electricity, and diversify the country's market sources,' Marcos said.
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