BCCP executive director Chris Nelson said the group is confident the Philippine government would issue measures to help the country cope with food issues and inflation.
The decision to extend the validity of the reduced MFN tariff rates aims to protect consumers by keeping prices affordable to ensure food security, augmenting the local supply of basic agricultural commodities, reducing the cost of electricity and diversifying the country’s market sources. The primary strategies of the government are to help improve production and productivity of the agriculture sector and ensure an adequate power supply.Nelson said the extension of EO 10 would continue to benefit Filipino consumers who could buy meat at reduced prices and would also partly address food security in the Philippines.
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