MANILA, Philippines — An official from the National Economic and Development Authority (NEDA) admitted to House lawmakers on Monday that there is “no plan B” should the temporary cut on pork import tariffs and the increase in importation not lead to lower prices.
“Sa computation po namin, walang [In our computation, there is no] Plan B kasi [because] we really want to quickly lower the price,” NEDA Undersecretary Mercedita Sombilla said during a joint hearing of the House agriculture and trade committees on Monday.
This, after Navotas City Rep. John Rey Tiangco, chairperson of the trade panel, asked NEDA if it readied a Plan B if lowering pork import tariffs and increasing the mi…
Keep on reading: ‘No plan B’ if pork prices not lowered amid tariff cut, hike in imports, solons told