MDM tariff maintained at 5% : vimarsana.com

MDM tariff maintained at 5%


           
 According to the source, the Executive Order (EO) on the retention of a 5 percent tariff on MDM has already been drafted and is just awaiting the signature of President Rodrigo Duterte.
           
If done, this will contradict the supposed retention of a 40 percent tariff on MDM amid the lapse of the country’s Quantitative Restriction (QR) privileges and the eventual enactment of the Rice Tariffication Law (RA 11203).
The Samahang Industriya ng Agrikultura (SINAG) had also formally sought the intervention of Duterte regarding this matter.
          
 According to SINAG, the imposition of a 40 percent tariff on MDM will bring in additional P5.5 billion additional revenues to the country, which could be used for the government’s COVID-19 vaccination program.

Related Keywords

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