Rice tariff cut only benefitted importers not consumers

Rice Supply In The Philippines News

Rice tariff cut only benefitted importers not consumers
AgricultureAgriculture And FisheriesHouse Of Representatives
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The Bureau of Customs estimates P12 billion in foregone revenues because of the rice tariff cut

This is AI generated summarization, which may have errors. For context, always refer to the full article.

In the first quinta committee hearing on Tuesday, November 26, lawmakers focused on the how the rice tariff reduction affected consumers and if it helped lower prices. “Dito po sa senaryong ito, malinaw na hindi po si Juan at si Maria. Malamang po at siguro tayo na ‘yung pong nag-i-import ang mas nakinabang, hindi po talaga si Juan at si Maria.”

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