Slowdown in issuance of spsics stays as tool to manage rice imports - BusinessMirror

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Slowdown in issuance of spsics stays as tool to manage rice imports - BusinessMirror
Indonesia Berita Terbaru,Indonesia Berita utama
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The Philippines will continue its practice of “managing” the entry of rice imports by slowing down the issuance of pertinent import documents during harvest seasons as authorities “balance” local production and foreign supplies.

THE Philippines will continue its practice of “managing” the entry of rice imports by slowing down the issuance of pertinent import documents during harvest seasons as authorities “balance” local production and foreign supplies.

Panganiban explained that the department continues to review the country’s rice supply situation, including production figures to manage the volume of imports that will arrive in the country. “The review of SPSIC applications does not stop. But what is happening actually now is that during the peak harvest season, the BPI’s approval of SPSICs becomes very slow because again we are balancing production and the import arrivals,” Sombilla explained.

One of the ways the government limits the entry of rice imports especially during harvest seasons is by slowing down on the issuance of SPSICs.

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BusinessMirror /  🏆 19. in PH

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