Traders seek low pork duty for 5 years - BusinessWorld Online

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MEAT TRADERS asked Philippine President Ferdinand R. Marcos, Jr. to cut the tariff on imported pork for the next five years to ensure food security and cool inflation. READ

In a letter, the Meat Importers and Traders Association said the African Swine Fever remained a risk to the industry. The outputs of major pork-producing regions in the world, including those in Europe and North America, have also dropped by as much as 3%, they added.

In April last year, he signed EO 128, which lowered the import duty on fresh, chilled or frozen pork to 5% from 30% for in-quota and to 15% from 40% for out-quota purchases for three months.fimonth, the tariffs were raised to 15% and 25%. He also raised the pork in-quota volume almostMr. Duterte extended the 15% and 20% duties until yearend before stepping down in June.

He also said the Philippines has become Britain’s second-most important market for pork outside China. duties completely while we maintain ours at 15% and 25%, or worse still, revert to 30-40% by Jan. 1?” “Closer to home, our Asian neighbors, and even New Zealand, have responded by reducing their tariff on pork and in some cases also poultry. US pork now has duty-free access to South Korea,” they added.

 

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We should be batting for self-sufficiency and support local raisers, no?

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