ON Oct. 3, 2023, the Tariff Commission held a public hearing as requested by the Economic Development Group (EDG) to investigate on the request for the extension of the Reduced MFN Tariff Rates on Rice, Maize (Corn), and Meat of Swine under Executive Order 10, s. 2022.
The hearing was attended by various local groups, farmers, importers, government agencies, and embassies to express their views and sentiments on the agenda.
The British Chamber participated in the hearing to support the proposal, which aims to extend the lowered tariffs until Dec. 31, 2024.
“We are confident — I think the government sees that continued opening the economy will help in fighting inflation. We are strong advocates of a good overall — vibrant and dynamic agricultural sector. We do also support the government’s aim to pass the Anti-Agricultural Smuggling Act that was noted during President Marcos SONA. We remain confident [EO 10] will be extended, and British pork and meat will continue to be coming here to assist in food security and inflation,” said Chris Nelson, British Chamber of Commerce Philippines (BCCP) executive director and trustee.
The British Chamber has consistently advocated for opening the Philippine market and attracting foreign investments through lowered tariffs — particularly on pork and meat products, with the country being one of the largest export markets in the UK in 2022.
