AreaPhilippines

Commodity GroupRice

CommodityAll

Date15/05/2021

Policy CategoryTrade

Policy InstrumentImport quota, import tariff

DescriptionDecided that a uniform Most Favoured Nation (MFN) tariff rate of 35 percent would be applied to rice imports from non-ASEAN members (whether paddy, husked, milled or broken), which are conducted under Minimum Access Volumes quotas or outside them, effectively aligning import duty rates with those levied on rice originating in ASEAN countries. The reduced rates would be effective for one year, starting from 30 May 2021, after which the in-quota MFN rate would revert to its previous applicable level of 40 percent, while the out-of-quota MFN rate would revert to 50 percent.