Philippines reduced pork tariff rates extended through 2024
The aim is to keep food prices stable
11 January 2024
1 minute read
By: In late December, Philippines president Ferdinand Marcos, Jr. signed an executive order extending lower tariffs on pork, corn, and rice, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report.
The extension will be in place for another year or until December 31, 2024. The order took effect immediately.
According to the executive order, the reduced tariffs were extended to keep food prices stable due to the expected negative effect of the El Niño weather phenomenon and the continuing presence of African Swine Fever affecting domestic pork production.
