MANILA — A Philippine inter-agency panel led by the president has approved lower tariffs on some commodities to combat inflation and ensure ample supplies, a minister said on Tuesday.
Tariffs on rice will be cut to 15% for both in-quota and out-quota rates, down from 35%, through to 2028, Economic Planning Secretary Arsenio Balisacan told a press conference. Lower tariffs on corn, pork and mechanically de-boned meat were also extended until 2028.
—Reporting by Neil Jerome Morales; Editing by Martin Petty
