The Rice Trade Liberalization Act (RTL) could serve as a blueprint for the crafting of a similar measure for other commodities, according to the National Economic and Development Authority (Neda). Know more:
The Rice Trade Liberalization Act could serve as a blueprint for the crafting of a similar measure for other commodities, according to the National Economic and Development Authority .
“We are not talking about that , at least among the economic team or in the Cabinet. I think the core assessment of ours is the RTL has done a good job in achieving what we wanted,” Balisacan said. The concerns revolve around allowing the National Food Authority to intervene in the international market. But Jandoc said the law is the only reason why rice prices have not been a significant cause for higher inflation.
“My feeling is you must learn from the lessons of that implementation and see how we can expand that to other commodities. I think we need to make our trade policy more transparent and supportive of our economic agenda,” Balisacan said.
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