The tariff rate on imported mechanically deboned or separated meat from poultry will stay at five percent for 2021 and 2022 based on the latest order of President Duterte in a bid to keep prices low in the market amid the pandemic.
The President has signed Executive Order No. 123 modifying the rates on import duty of certain agricultural products upon the recommendation of the National Economic and Development Authority (NEDA) board. The latest order, signed on Jan. 15, was released by the Palace Monday.
Under EO 123, the rate of import duty on mechanically deboned or separated meat of chicken and turkey will remain at five percent until Dec. 31, 2022.
The tariff rate will return to 40 percent starting Jan. 1, 2023.
The reduced tariff rate was supposed to expire last Dec. 31 and revert to 40 percent. Chicken MDM is a key raw material for the manufacturing of chicken hotdogs, nuggets, and other processed products.
“In view of the continuing crisis brought about by the COVID-19 pandemic, there is an urgent need to adopt measures aimed towards mitigating the adverse impacts of the current situation on the lives and livelihoods,” Duterte said in the order.
The order also stated the government’s resolve to provide an enabling environment that “ensures the continued supply of essential food products at stable prices, helps business recover and sustain their operations, and preserves and creates employment opportunities, all for the purpose of supporting the economy in bouncing back and resuming its growth momentum.”
The order takes effect immediately after its publication in the Official Gazette or in a newspaper.