A group of prominent economists under the Foundation for Economic Freedom (FEF) has called for the liberalization of pork imports—in lieu of price controls—to address the supply shortfall in the country.
The Foundation for Economic Freedom, an organization advocating market-friendly reforms, good governance and economic and political liberty, recently wrote to Agriculture Secretary William Dar to suggest the unification and lowering of the pork tariff rate on pork to 5 to 10 percent to quickly bring in the volume needed to stabilize supply and prices. The group noted that the rice price spike in 2018 had been quickly fixed by the rice trade liberalization law.
The Philippines m…
Keep on reading: Group urges tariff cut, liberalized imports to address pork shortage