MANILA, Philippines — At least five senators on Wednesday urged President Rodrigo Duterte to withdraw his executive order temporarily lowering tariffs on imported rice, saying it would only put more burden to local farmers and result in foregone revenues of up to P548 million.
Senate Minority Leader Franklin Drilon and Senators Nancy Binay, Leila De Lima, Risa Hontiveros, and Francis Pangilinan issued their call through the filing of Senate Resolution No. 726 seeking the withdrawal of Executive Order No. 135, which “provides for the temporary modification of the rates of import duty on rice.”
Under the executive order, the most favored nation (MFN) tariff rates for rice will …
Keep on reading: Senators urge Duterte: Withdraw EO lowering rice import tariffs