Close  

Group backs safeguard measure on imported rice

The Federation of Philippine Industries (FPI) is reviving the idea of imposing a safeguard measure on imported rice, but it does not want to make the first move of actually filing a petition.

FPI chair Jesus Lim Arranza said in a statement that farmers could file a petition to impose a safeguard duty on rice imports, which he said would be the fastest response to the problem of rice imports flooding the market at the expense of local farmers.

ADVERTISEMENT

Safeguard measures are generally imposed when a domestic industry has been harmed by the surge in imports.

The industry, or in this case the farmers, has the burden to prove how it was hurt by imports, or at least how more imports would eventually be a threat to the local industry.

FEATURED STORIES

“It is not hard to prove that there is an import surge, as rice import surge is an economic reality that is known to the government’s top hierarchy,” he said.

“Even President Duterte and top Department of Agriculture (DA) officials know of the import surge, prompting the president to momentarily suspend rice importations,” he added.

The DA used to consider imposing a safeguard duty on imported rice to help cushion the blow on farmers of cheap imported rice. But this idea was eventually thumbed down.

The Duterte administration has left the public confused regarding the fate of the rice tariffication law, which opened the floodgates for imported rice as long as they pay the prescribed tariff.

Duterte had previously announced the suspension of the law, only to be contradicted by his economic managers later on.

ADVERTISEMENT
Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Federation of Philippine Industries, FPI, imported rice
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.