Lower rice tariff to benefit Vietnam

By Janine Alexis Miguel

Jul 02, 2024 12:27 am

REDUCED rice import duties in the Philippines will likely benefit traders of the staple in Vietnam and stimulate price pressures in the international market, a Fitch Group unit said.

BMI Country Risk & Industry Research said in a report that Executive Order (EO) 62, which cut the rice import tariff to 15 percent from 35 percent, would also cause an increase in the country's rice import volume.

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