SOME agricultural stakeholders expressed dismay over President Ferdinand R. Marcos, Jr.’s executive order extending lower tariffs on pork, rice, corn and coal, saying the previous order failed to lower prices.
Signed by Mr. Marcos on Dec. 29 and released on Wednesday, EO No. 10 kept the lower tariff rates for pork at 15% and 25% , corn at 5% and 15% , and rice at 35% until Dec. 31.There’s a need to extend the lower tariff rates to “maintain affordable prices for the purpose of ensuring food security, help augment the supply of basic agricultural commodities in the country, reduce the cost of electricity, and diversify the country’s market sources,” Mr. Marcos said in the order.
Despite lower tariffs, Mr. Montemayor noted the Philippines had failed to diversify its sources of rice, as it continued to rely on Southeast Asian countries, particularly Vietnam. “The extension is necessary because the volume of production, especially for pork, has not really increased that much to fill up the gaps of the demand. We are still very much deficient and if that is the case, prices will continue to go up,” Agriculture Undersecretary Mercidita A. Sombilla told reporters on Wednesday.
Former Agriculture Undersecretary Fermin D. Adriano said the reduced tariffs are good since the Philippines can import rice from other countries like India and Pakistan, which were previously slapped with a 50% tariff. “Apart from the interest rate policies, the government has resorted to allowing cheaper products from abroad to quell the price increases,” he said in a Messenger chat. “These will surely benefit the consumers, but the damage these will cause on the farmers and the environment can be permanent.”
“The EO indicates the administration’s preference for importation rather than self-sufficiency,” she said in a Messenger chat.
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