Saying the government’s resort to tariff tweaks to fight inflation will not help the economy or give consumers relief, hog and corn farmers are opposing the plan to issue new executive orders.
SAYING the government’s resort to tariff tweaks to fight inflation will not help the economy or give consumers relief, hog and corn farmers are opposing the plan to issue new executive orders that would lower corn tariffs and extend the reduced tariffs on pork.
The CTRM approved the lowering of corn tariffs to 5 percent and 15 percent for in-quota and out-quota volume, respectively, and the extension of the current 15 percent and 25 percent for pork imports until the end of the year.“Yes, after consultation with my members we will definitely make an appeal to the President,” ProPork President Nonon Tambago told the BusinessMirror.
Tambago said the government’s tariff revenue losses would continue should the lower tariffs on imported pork be extended. Navarro deems it a huge mistake for the government to entrust the country’s food supply and security to private businesses, particularly unscrupulous importers and traders who will benefit from the import tariff reductions.Tambago proposed that the government abandon any plans regarding the tariffs of the concerned imported commodities. “Let’s leave it to the next administration to solve the problem. Perhaps, it would be better for both local producers/farmers and consumers.
Countries, Adriano explained, are facing the possibility of supply shortages due to global food security issues caused by the Ukraine-Russia war.
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