THE 15% TARIFF on imported rice will remain unchanged at least until November, according to the Department of Economy, Planning, and Development (DEPDev), as the government seeks a “win-win” solution that balances inflation control with protecting local farmers.
“Not in the immediate [term], but most likely by November,” DEPDev Undersecretary for Policy and Planning Rosemarie G. Edillon told a news briefing on Wednesday. “After four months, we will submit the study to the President.”
The lower tariff was introduced through Executive Order (EO) No. 62, which took effect in July 2024 and slashed the import duty on rice to 15% from 35% until 2028. The EO mandates a review every four months to assess its impact.
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