Tag: import duty rate on rice

Reduced import duty rates on meat, corn, rice extended until end of 2024

(Eagle News)–President Bongbong Marcos has ordered the extension of the temporary reduction of rates of import duty on rice, corn and meat products. The President gave the order following the National Economic Development Authority Board’s recommendation to extend the same until December 31, 2024. In ordering the extension through Executive Order No. 50, President Marcos cited the negative impact of El Niño on the price and production of rice and corn, and the continuing prevalence […]