Marcos extends lower import duty rates on pork, rice, corn, coal

MANILA, Philippines --- President Ferdinand "Bongbong" Marcos Jr. has signed an order extending the temporary modification of import duty rates on several agricultural products to maintain affordable prices and ensure supply. Executive Order No. 10, which Marcos signed on Dec. 29, imposes the Most Favored Nation rates of duty on the following: pork, whether fresh, chilled, or frozen -- 15% in-quota and 25% out-quota corn -- 5% in-quota and 15% out-quota rice -- 35% for both in-quota and out-quota coal -- zero duty Marcos said he issued to order "to maintain affordable prices for the purpose of ensuring food security, help augment the supply of basic agricultural c...Keep on reading: Marcos extends lower import duty rates on pork, rice, corn, coal

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