President Rodrigo Duterte signed an executive order maintaining low-price tariff rates on certain poultry products.
“The present economic condition warrants the continued application of the reduced rates of duties on certain agricultural products to mitigate the impact of high prices of goods,” the President stated in his order.
Duterte signed Executive Order No. 81 on June 13 which maintains lower duties on imported agricultural products such as mechanically deboned chicken meat, turkey meat and entrails.
Tariffs will remain at 5 percent for automatically deboned or separated meat and 20 percent for frozen poultry.
Executive Order 81 will keep lower tariffs until Dec. 31, 2020, a 6-month extension from the original expiry set under EO 23.
Philippine’s Association of Meat Processors Inc. applauded Duterte’s order saying it “reflects the government’s determined efforts to spur the growth of the local manufacturing industry.”
“The President’s action sends a strong signal to local and foreign investors that the investment climate in the Philippines is fair, attractive and competitive,” the group called out in a statement.