Home » Posts tagged with "Quantitative restrictions"

Posts tagged with "Quantitative restrictions"

PH set to dislodge China as world’s top rice importer

PH set to dislodge China as world’s top rice importer

Nov. 13 | Philippine rice imports are projected to reach a record 3 million metric tons (MT) by year-end, making the country the top rice importer in 2019, beating China, according to a monthly report by the United States (US) Department of Agriculture-Foreign...

All About the PH Rice Tariffication Act

All About the PH Rice Tariffication Act

Mar. 3 | Atty Agaton Teodoro Uvero 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...

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...