Philippines takes additional steps to fight inflation and shore up food security

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By Tarikul in Business
Updated 3 years ago

In an executive order, Duterte cut the Most Favored Nation (MFN) tariff rates on rice to 35% from 40% for in-quota purchases and 50% out-quota volume for one year "to diversify the country's market sources, augment rice supply, maintain prices affordable, and reduce pressures on inflation." In January, the agriculture...

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