Philippines extends tariff cuts on imported rice

MANILA: Philippine President Ferdinand Marcos Jr. has approved the extension of reduced tariffs on rice and other food items until the end-2024 to keep prices stable amid a threat of dry weather in the coming months, his office said on Tuesday.

The modified rates first approved in 2021 had already been extended this year due to high inflation, and Marcos said another extension was needed…

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News Source: arynews.tv