AreaPhilippines

Commodity GroupRice

CommodityAll

Date22/12/2023

Policy CategoryTrade

Policy InstrumentImport quota, import tariff

DescriptionDecided that the uniform Most Favoured Nation (MFN) tariff rate of 35 percent for paddy, husked, semi/wholly milled or broken rice imported from non-ASEAN members, under Minimum Access Volumes quotas or outside of them, would continue to be applied until 31 December 2024. Thereafter, the in-quota MFN rate for these imports would revert to the previous level of 40 percent, while the out-of-quota MFN rate would revert to 50 percent.