Concessions to US won't result in 'significant damage to local industries'

Philippine Agriculture News

Concessions to US won't result in 'significant damage to local industries'
US TariffsTrump TariffsPhilippine Chamber Of Agriculture And Food Inc
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The Philippine Chamber of Agriculture and Food Inc. , an umbrella organization of 48 various agriculture industry groups, on Friday welcomed the government’s move not to give zero duties for American agri-fisheries entering the country following the recent tariff negotiations between President Ferdinand "Bongbong" Marcos Jr. and United States President Donald Trump.

The President also committed to increasing imports of soy, wheat, and pharmaceuticals from the US.“The two clear concessions that the Philippines made—wheat and soy products—will not result in significant damage to local industries but may even yield positive results in the form of cheaper animal feed products,” PCAFI said.

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US Tariffs Trump Tariffs Philippine Chamber Of Agriculture And Food Inc

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