The Tariff Commission (TC) is conducting full blast review of the most favored nation (MFN) tariffs to set the new import duty rates and schedules on wide ranging products from various countries, which account for 52 percent of the country’s total imports, over the next five years (2024-2028). MFN...
Local flour millers have asked the Tariff Commission to retain the most favored nation (MFN) tariff rate on milling wheat and wheat flour for the 2024-2028 to ensure continued supply of flour in the country at stable prices. Ric Pinca, executive director of the Philippine Association of Flour...
Senator Sherwin Gatchalian, the principal author of the Electric Vehicle Industry Development Act (EVIDA), said the short-term suspension of tariffs on electric vehicles (EVs) is necessary to support the development of the industry. Sen. Sherwin Gatchalian(Senate of the Philippines / MANILA...
A deputy speaker in the House of Representatives is batting for the inclusion of electric motorcycles in the recently issued Executive Order (EO) No. 12, which imposes zero percent tariff on electric vehicles. Deputy Speaker and TUCP Party-list Rep. Raymond Democrito Mendoza (Facebook) According to...
Domestic hogs producers have strongly urged the Tariff Commission (TC) to review the extended tariff rates on imported frozen edible offal and for the Department of Agriculture to establish the first border inspection facility to minimize smuggling and misdeclaration of imported animal meats....
President Ferdinand "Bongbong" Marcos Jr. has signed an executive order (EO) maintaining the temporary modification of import duty rates on mechanically deboned meat of chicken and turkey. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) “There is a need to maintain the...
President Ferdinand "Bongbong" Marcos Jr. has approved the temporary zero-tariff policy for electric vehicles and spare parts in an attempt to encourage consumers to shift to "cleaner and greener" transportation. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Malacañang...
President Ferdinand "Bongbong" Marcos Jr. has ordered to extend the temporary modification of rates of import duty on various food products to maintain affordable prices and help augment the supply of basic agricultural commodities. Through Executive Order (EO) No. 10, signed by the President on...
The Tariff Commission said the definitive anti-dumping duty on the importation of wheat flour from Turkiye is set to expire on October 27 this year and urged concerned parties to submit their position on the matter. In an advisory, the Commission urged concerned parties to file a written request...
The Cement Manufacturers Association of the Philippines (CeMAP) welcomed the imposition of definitive anti-dumping duties against cement imports from Vietnam stating the move is a show of support for the investments and development of the domestic cement manufacturing industry for job creation and...
Senators on Monday, December 19 thanked President Marcos for extending the tariff rates for basic commodities such as rice and meat, especially during the holiday season and in light of the eight percent inflation as of November. ‘’However, this should not be adopted as a long-term policy; the...
Editorial All of the major expatriate business organizations in the country — American, Japanese, Korean Australia-New Zealand, and European Union — have issued a call to make the government’s planned temporary zero duty privilege on the importation of electric vehicles (EVs) more inclusive...
