Revenues from rice tariffs increased by more than half in January amid higher imports and enhanced valuation system, the Department of Finance (DOF) said on Friday, March 5. In a report to submitted to Finance Secretary Carlos G. Dominguez III, the Bureau of Customs said that tariffs from rice...
Trade and Industry Secretary Ramon M. Lopez has raised the likelihood of allowing lower tariffs on rice from India as a way of minimizing tariff barriers for the Philippines very vital commodity. Lopez mentioned this during the Philippines Federation of Indian Chambers of Commerce (FICCI) and the...
Legal teams from the country’s top law firms are ganging up on domestic labor union Philippine Metalworkers Alliance (PMA) stressing the workers are not domestic automotive manufacturers and therefore have no authority and personality to represent the local industry in the safeguard measure case...
The Department of Agriculture (DA) will not withdraw its proposal for tariff reduction on pork and rice imports despite the growing number of groups – including farmers, raisers, advocates – opposing such a move. When asked if he will consider the possibility of withdrawing DA’s proposal,...
Aside from the local livestock industry, the Philippine government also stands to lose if the Department of Agriculture’s (DA) proposal to reduce the tariff on pork imports will be given the green light. This was according to a resolution adopted by the Philippine Council for Agriculture and...
The recent recommendation of the Department of Agriculture (DA) to temporarily reduce tariffs on rice imports was described as “unwarranted and ill-timed” by a group of farmers. Federation of Free Farmers (FFF) National...
The Philippines’ Tariff Commission (TC) has set a public hearing on wide ranging product categories totaling 37 tariff lines, including rice, corn, cars, motor vehicle parts, chemicals, and cement imported from Thailand which tariff concessions may be suspended in retaliation to Thailand’s...
The Philippines today slapped a provisional safeguard duty against imported passenger cars and light commercial vehicles (LCVs) to protect the domestic motor vehicle manufacturing industry from the onslaught of imported vehicles, a move that will hit Thailand and Indonesia the most being the top...
The Department of Trade and Industry (DTI) has stood its ground stating it does not need the concurrence from the Tariff Commission (TC) to adjust a safeguard duty rate on a particular import that has been causing injury or serious threat to a domestic industry. This was stated by Bureau of Import...
There appears to be confusion in the imposition of the second year safeguard duty on imported cement with the Department of Trade and Industry (DTI), the Tariff Commission (TC), and the Bureau of Customs (BOC) apparently not coordinating with each other. This transpired at the recent public hearing...
The country’s renewable energy (RE) developers are eyeing to rake in next year P35.693 billion worth of feed-in-tariff (FIT) payments, a form of subsidy collected from all Filipino electricity ratepayers. That will be an increase of roughly...
Wants higher safeguard duty instead Local cement manufacturers have asked the Department of Trade and Industry (DTI) to postpone the reduction of the P10 per bag definitive cement safeguard...
