Are you in favor of the trade in the Philippines? Why or why not? Prove your stand.
Answers
Answer:

Menu
Home
Knowledge Product
Philippines - Trade Barriers
Philippines - Country Commercial Guide
FacebookTwitterLinkedInEmailCopy Link
Philippines Country Commercial Guide
Doing Business in
Leading Sectors for US Exports & Investments
Customs, Regulations & Standards
Trade Barriers
Import Tariff
Import Requirements and Documentation
Labeling/Marking Requirements
Temporary Entry
U.S. Export Controls
Prohibited & Restricted Imports
Customs Regulations
Trade Standards
Trade Agreements
Licensing Requirements for Professional Services
Selling US Products & Services
Business Travel
Investment Climate Statement
Political & Economic Environment
Trade Barriers
Includes the barriers (tariff and non-tariff) that U.S. companies face when exporting to this country.
Last published date: 2020-07-20
The average tariffs on agricultural products stands at 11.63 percent for July 1 to December 31, 2020. The Philippines maintains a two-tiered tariff policy for sensitive agricultural products including rice, corn, pork, chicken meat, sugar, and coffee. These products are subject to a tariff rate quota (TRQ) and all imports outside of the minimum access volume are taxed at a higher out-of-quota rate. In-quota and out-of-quota tariff rates averaged 36.5 percent and 41.2 percent, respectively, and have not changed since 2005.
On February 14, 2019, President Rodrigo Duterte signed into law the Republic Act (RA) No. 11203 or “An Act liberalizing the importation, exportation, and trading of rice, lifting for the purpose the quantitative import restriction on rice, and for other purposes”. The law amends RA No. 8178 or the Agricultural Tariffication Act of 1996 and replaces the quantitative restrictions (QR) on rice imports with tariffs.
On June 13, 2019, President Duterte issued Executive Order No. 82 (EO 82), reverting tariff rates for Mechanically Deboned or Mechanically Separated Poultry (MDM/MSP) to 5 percent for chicken and 20 percent for frozen whole turkey. These rates had previously jumped to 40 percent as a result of the recent passage of the Rice Tariffication Law, but will now remain at the lower tariff until December 31, 2020. Executive Order No. 20, issued in 2017, prescribes the Most Favored Nation (MFN) Tariff Schedule until December 31, 2020. A new MFN tariff schedule, which will include MDM/MSP, is expected to be released before the end of 2020, setting tariff rates for all products. Other tariff concessions given to trading partners have expired with passage of the Rice Tariffication Law, with the tariff rates of several major U.S. agricultural agricultural products (including frozen potatoes from 0 to 10 percent and some dairy products) returning to their higher previous rates