Marcos imposes zero tariff on tin mill black plates

President Marcos has imposed a zero duty on the main material in producing tin plates and tin-free steel used in the canned food industry to reduce production costs and stabilize the supply chain.

- By ALEXIS ROMERO

Under Executive Order (EO) 104 signed by Executive Secretary Lucas Bersamin by the authority of President Marcos on Nov. 6, the import duty on tin mill black plates will be reduced to zero from three percent for three years.

The order noted that there is no local production of tin mill black plate and there is no local product that can substitute for it.