AreaPhilippines

Commodity GroupRice

CommodityAll

Date20/06/2024

Policy CategoryTrade

Policy InstrumentImport tariff

DescriptionReduced the Most Favoured Nation (MFN) tariff rate for paddy, husked, semi/wholly milled and broken rice, for in-quota and out-of-quota imports, from 35 percent to 15 percent. The revised rates would be effective from 5 July 2024 to 31 December 2028 but would be subject to review every four months. In addition, as of 1 January 2029, the in-quota MFN rate would be raised to 40 percent, while the out-of-quota MFN rate would rise to 50 percent.