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Consumers may expect a significant price reduction on imported rice should the proposed tariff reduction push through, a Department of Agriculture official said Wednesday.At the Kapihan sa Manila Hotel forum, DA spokesperson Assistant Secretary Arnel De Mesa said initial estimates show there could be a P4 to P5 per kilo reduction in the price of imported rice should the tariff reduction push through.
Hopefully kung maipasa ang , ang tinitingnan kasi namin doon makapagpasok ng bigas na mas mura, yun 25 percent broken so that the private sector ma-pressure din sila na magpasok ng mas murang bigas."If the tariff reduction is approved, it could result in forgone revenues for the government amounting to billions of pesos. However, Finance Undersecretary Domini Velasquez said the government is willing to take the hit if it would ultimately benefit the consuming public.
Rice Tariffication Law Department Of Agriculture News
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