DTI and DA launch nationwide rice price monitoring in response to tariff reduction under Executive Order 62.
DTI and DA launch nationwide rice price monitoring to assess the impact of tariff reduction on rice imports on the supply chain. The monitoring includes potential impacts on importers and retailers, following a tariff reduction under Executive Order 62, which brought tariffs down from 35% to 15%. The DTI and DA aim to inform policymakers' decisions to ensure stable rice supply, distribution, and pricing.
July 13, 2024
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