Wednesday 12 December 2018
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inquirer - 28 days ago

Senate approves rice tariffication bill on final reading

The Senate approved on third and final reading on Wednesday the rice tariffication bill, which seeks to lift restrictions on rice importation. Fourteen senators voted to approve Senate Bill No. 1998 --- An Act Replacing The Quantitative Import Restrictions On Rice With Tariffs, Lifting The Quantitative Export Restrictions On Rice, And Creating The Rice Competitiveness Enhancement Fund. The measure, sponsored by Sen. Cynthia Villar, seeks to replace the current system of imposing quantitative import restrictions on rice with tariffs. Under the bill, rice imports from members of the Association of Southeast Asian Nations (Asean) would be charged a tariff of at least 35 percent, wh...

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