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Manila Bulletin devider devider Gov't eyes 50% tariff on rice imports

Gov't eyes 50% tariff on rice imports

Published Jan 25, 2018 12:00 am
By Madelaine Miraflor The government may soon be able to slap 35 percent to 50 percent tariff on rice imports to protect local farmers from cheaper imported rice amidst the lifting of the quantitative restriction (QR) on rice. Senator Cynthia A. Villar (Senate of the Philippines official Facebook page / MANILA BULLETIN) Senator Cynthia A. Villar
(Senate of the Philippines official Facebook page / MANILA BULLETIN) This, as the passage of a bill that seeks to remove the QR on rice imports is targeted within the first three months of the year until May, said Senator Cynthia A. Villar. "The tariffs that will be collected after the QR is estimated at P25 billion a year and it would go to PhilRice and would be used to enhance the competitiveness of rice farmers,” Villar told reporters on the sidelines of a DENR event in Quezon City today.
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