increase in pork import volumes at lower tariffs, Senate President Vicente Sotto III said on Saturday.
Sotto said senators would discuss on Monday their response to a counteroffer submitted by the country’s economic managers, supposedly rejecting a proposal to cut by almost half the projected increase in the minimum access volume , and a tariff rate higher than what is provided for by Executive Order No. 128.“I am still hoping that we can have a more pleasant discussion on Monday or Tuesday, after we have talked to them [economic managers]. I do not want a confrontation on May 17.
The Senate and the executive department are locked in a standoff following the passage of EO 128, which lowered duties on pork imports to 5 percent and raised the import quota or the MAV to 404 million kilos.
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