Advocacy group hits plans to revise RTL

By Janine Alexis Miguel

May 14, 2024 12:45 am

THE Foundation for Economic Freedom (FEF) on Monday expressed concern over proposed changes to the Rice Tariffication Law (RTL), particularly the restoration of the National Food Authority's (NFA) power to import and sell rice, as a means of lowering prices of the staple.

The public advocacy group, which counts former Cabinet officials and leading economists as members, rejected claims that Republic Act (RA) 11203 had failed to prevent rising rice prices that have fueled domestic inflation.

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