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The Senate under the leadership of Senate President Francis “Chiz” Escudero is open to passing the bill amending the Rice Tariffication Law , House Speaker Martin Romualdez said Thursday.Romualdez said such an agreement was reached after his meeting with Escudero in Malacañang Palace.“A key focus of the meeting was the amendments to the Rice Tariffication Law , identified as a top priority. open ,” Romualdez said.“I understand Senator Cynthia Villar will file her version ,” Romualdez added.
The RTL also allows unlimited entry of imported rice into the country, with the P10 billion of tariff collection proceeds off imported rice going to the Rice Competitiveness Enhancement Fund which provides for mechanization, interventions to increase yield, among other aid to farmers.
Rice Tariffication Law Martin Romualdez
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