THE British Chamber of Commerce Philippines (BCCP) welcomes the signing of Executive Order 50, which mandates the extension of reduced tariff rates to agricultural commodities such as rice, corn, coal and meat of swine until Dec. 31, 2024, to help the country fight inflation and ensure food security.
As stated by President Marcos in the Executive Order, "The present economic condition warrants the continued application of the reduced tariff rates on rice, corn, and meat of swine to maintain affordable prices for the purpose of ensuring food security, managing inflationary pressures, helping augment the supply of basic agricultural commodities in the country, and diversifying the country's market sources."
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