Our QRs on rice did not restrict us to import extra rice, in reality—we have been one of the top importers of rice inside the final decade or so. This does no longer even include the flourishing exchange of rice smuggling that keep to hound the local rice enterprise,” he said.
Govt firm on dropping QR
NEDA National Planning and Policy Director Reynaldo Cancio disclosed last week plans to put off the QR on rice, saying that the Duterte Cabinet is now running closely for the modification of Republic Act (RA) No. 8178 or the Agricultural Tariffication Act of 1996, which had kept the QR on rice importation in area.
Socioeconomic Planning Secretary and NEDA director-popular Ernesto Pernia reiterated the management’s intentions to cast off the QR this week, announcing that extended opposition could result in better performance for the Philippines’ own rice enterprise as well as decrease prices for purchasers.
Forex Leaders Arslan 