Tag: Tariff rates reduction

NEDA Board approves extension of lower tariff rates on pork, rice, corn

(Eagle News)–The National Economic Development Authority Board has approved the proposed executive order extending until Dec. 31, 2024 the reduced Most Favored Nation tariff rates on selected commodities. Socioeconomic Planning Secretary Artemio Balisacan said the commodities covered by the approval include rice, pork, and corn. “The tariff rates for pork will remain 15 percent in-quota and 25 percent out-quota; corn at 5 percent in-quota and 15 percent out-quota; and rice at 35 percent for both […]