After weeks of disagreement on pork imports, the Senate and the President’s economic team, led by Finance Secretary Carlos Dominguez III, decided to lower the import tariff cut proposed under Executive Order (EO) 128 and adjust the volume of pork imports allowed to enter the Philippines under...
Despite a 12-month tariff cut imposed on pork, a group of local meat importers began lobbying for a much longer period wherein the pork import tariff rate is kept at 15 percent from the original 40 percent until 2025. A customer pays for pork at a roadside market stall in Mandaluyong City, Manila,...
Department of Agriculture (DA) Secretary William Dar has ordered stricter first border inspection and control procedures on all imported food items and agri-fishery products to guarantee that only items considered as safe would get distributed to local markets. (Photo courtesy of the Department of...
Hog raisers and agriculture stakeholders have thrown their support for the adoption of House Joint Resolution No. 37 calling for the termination of Executive Order No. 128 issued by President Duterte to temkporarily reduce import tariffs on pork. At least 15 House members have signed HJR 37 but...
Senate Minority Leader Franklin Drilon on Tuesday, April 27, expressed belief that the government can maintain the tariff rates and adjust the minimum access volume (MAV) in the importation of pork to more reasonable levels. (MANILA BULLETIN File photo/Keith Bacongco) At the Senate Committee of the...
The possibility of the government opening up the local market to more imported sugar remains to be one of the major factors why the country’s local sugar production is seen not improving this year or in the next years to come. This, according to international data, has remained to be “the...
The Duterte administration’s chief economic manager has called on lawmakers to support temporary increased in pork imports at lower tariff rates to address the scarcity in the domestic supply of hog meat. Finance Secretary Carlos G. Dominguez III said the lower import tariffs and higher the...
Meat prices continued to rise despite the recent 150 percent surge in pork import volume, casting doubt on the government’s recent move to bring down tariffs on imported pork. A customer pays for pork at a roadside market stall in Mandaluyong City, Manila, the Philippines. (Bloomberg file) “The...
Temporary increase in pork imports will not “kill” the hog industry, as the National Economic and Development Authority (NEDA) estimated that it would potentially account for less than a quarter of total consumption. In a statement on Friday, April 16, Acting Socioeconomic Planning Secretary...
The tariff cuts on imported pork under Executive Order 128 is expected to result in P14 billion loss in government revenue, according to the Kilusang Magbubukid ng Pilipinas (KMP). A customer pays for pork at a roadside market stall in Mandaluyong City, Manila, the Philippines, on Sunday, March 14,...
Consumers are urged to keep on patronizing local pork amid the issuance of Executive Order (EO) 128, which will bring down the tariff on pork imports and will pave the way for the entry of more imported pork into the Philippines. On Thursday, Samahang Industriya ng Agrikultura (SINAG) Chair...
The country’s trade deficit widened by double-digits in February after imports expanded for the first time in nearly two-years, preliminary data from the Philippine Statistics Authority (PSA) showed. MB File (Photo by Ali Vicoy) Based on the PSA report released on Thursday, April 8, the gap in...
