Adopting a uniform five percent tariff rate on corn imports could generate ₱17.2 billion in net economic gains as consumer savings offset losses for local farmers and government revenues, according to advocacy group Foundation for Economic Freedom (FEF). Speaking at a Tariff Commission (TC)...
The Tariff Commission (TC) has launched an investigation to determine the merits of a proposal seeking to implement a uniform five-percent tariff rate on corn imports to prevent increases in pork and chicken prices. In a notice dated June 10, the TC said it has started a probe into a petition filed...
Philippine Association of Feed Millers Inc. (PAFMI) sees importation as a band aid solution or the “the best route to take” at the moment as Severe Tropical Storm Maring destroyed a significant amount of corn output. Otherwise, consumers will have to deal with an increase in the price of animal...