PBBM, nilagdaan ang kautusang magbabago sa rate ng import duty ng iba't ibang produkto

Transcript

00:00An executive order was issued by President Ferdinand R. Marcos, Jr.

00:04that is far from adjusting the import duty rates of some products.

00:08The EO No. 62 is far from reducing the inflationary pressure on buyers.

00:13Under this, some products such as animal products,

00:17pharmaceutical needs, chemicals, and others

00:20are under the Most Favored Nation Rates of Duty

00:23or whatever other countries will assign to imports

00:27from the members of the World Trade Organization.

00:29According to the EO, there should be a comprehensive tariff schedule

00:35that can provide a tariff structure

00:37so that businesses that belong to medium to long-term planning

00:40will have an opportunity.

00:42With the help of this,

00:44productivity and profitability will improve

00:46and it will have a good effect on consumers.

00:49The so-called comprehensive tariff schedule is also far from

00:52increasing supply and controlling prices

00:55for the protection of the interests of buyers.

00:58As soon as NEDA approved the comprehensive tariff program,

01:02the duty rate of rice was promised to be 15%

01:06until 2028 from the previous 35%.