Thursday 13 December 2018
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inquirer - 7 month ago

Tariff on rice to raise up to P28B a year

Removing the import quota and slapping tariff on rice would generate up to P28 billion in yearly revenue that the government can use to support farmers, state planning agency National Economic and Development Authority said. In a recent presentation, Neda Assistant Secretary Carlos Abad Santos said that if a 35-percent tariff would be imposed on rice imports, the government could collect between P7 billion and P28 billion a year, which could fund programs and projects for affected local farmers. The impos

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