PRRD reduces import duty for pork products


President Rodrigo Duterte on Wednesday issued an executive order (EO) temporarily modifying the rates of import duty on pork products to address the impact of the African swine fever (ASF) on the country’s hog industry.

Under EO 128, Duterte stressed the need to take immediate steps to allow the domestic swine industry to “fully recover and attain sufficient local pork production.” 

Hence, Duterte approved the National Economic and Development Authority’s (NEDA) proposed temporary reduction of the Most Favored Nation (MFN) tariff rates on fresh, chilled, or frozen pork products.

“There is an urgent need to temporarily reduce the Most Favored Nation tariff rates on fresh, chilled or frozen meat of swine to address the existing pork supply shortage, stabilize prices of pork meat, and minimize inflation rates,” the EO read.

EO 128 reduces tariff rates for both in-quota and out-quota imports of pork to boost pork supply in the country and tame prices of pork products.

Duterte’s latest EO reduces the MFN tariff rate on pork imports within the minimum access volume (MAV) to 5 percent for the first three months upon the effectivity of the order and to 10 percent for the fourth to 12th month from the current rate of 30 percent.

On the other hand, pork imports outside MAV will be slapped with a lower tariff of 15 percent for the next three months and 20 percent for the succeeding nine months from the current 40 percent, based on EO 128.

EO 128, which is effective for a period of one year, takes effect immediately upon its complete publication in the Official Gazette or in a newspaper of general circulation.

“The government recognized the need to immediately address the current shortage in swine meat, and endeavors to strengthen food supply to ensure that Filipinos have equitable access to food, particularly meat,” according to the order.

Last month, Duterte asked Congress to approve the proposed increase in pork imports to 250,000 metric tons from the present 54,210 MT to address the rising food prices and boost the supply of pork in the country.

On Feb. 1, Duterte signed EO 124, which imposes a price ceiling of PHP270 per kilogram for pork kasim and pigue, PHP300 per kilogram for pork liempo, and PHP160 per kilogram for dressed chicken until April 8.

The DA has also submitted to Duterte a draft proclamation declaring a state of national emergency in the country to address the severe impact of African swine fever on the hog industry.

COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.

Source link

SHARE ME PLEASE!
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply