Economic dev't committee reviewing recommendations to adjust rice tariff

THE Economic Development Committee (EDCom) said it is seeking to strike a balance between protecting farmers and limiting the inflationary impact on consumers in adjusting rice import tariffs.

- Aubrey Rose A. Inosante

In a statement on Monday, the Department of Economy, Planning, and Development (DEPDev) said Secretary Arsenio M. Balisacan, who co-chaired the 5^th EDCom meeting, said the EDCom focused on the Tariff and Related Matters Committee's recommendation to revise the rice import tariff rate, currently at 15%.

"The meeting convened key economic managers to discuss important economic matters and policy recommendations to further strengthen the country's development agenda," it said.