Home » Posts tagged with "Quantitative restrictions"

Posts tagged with "Quantitative restrictions"

All About the PH Rice Tariffication Act

All About the PH Rice Tariffication Act

Mar. 3 | By March 5, Republic Act No. 11203 (Rice Tariffication Act) should have taken effect. In theory, the new law should reduce the local consumer price of rice by at least P4 per kilo arising from more competition in the local market with the entry of cheaper...

DOF: Removing QR will cut rice prices by P7 per kilo

DOF: Removing QR will cut rice prices by P7 per kilo

Dec. 22 | The lifting of the quantitative restriction (QR) on Philippine rice imports in favor of tariffs will bring several benefits to the economy, including slashing the retail price of the food staple by as much as P7 per kilo, according to the Department...
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