MANILA -- A bill seeking put tariffs on rice in place of import quotas was sent to President Rodrigo Duterte's office and is awaiting his signature, the Senate Public Relations and Information Bureau said Wednesday.
The bill was transmitted to the Office of the President on Jan. 15. Unless it is vetoed, the bill will lapse into law if not acted upon in 30 days, the Senate office said in a statement.
Duterte has certified certified rice tariffs as urgent, after economic managers said it could help slow inflation.
One of the key feature of the bill is the creation of the Rice Competitiveness Enhancement Fund with an initial appropriation of P10 billion, according to one of the bill's authors, Senator Cynthia Villar said.
-- with a report from Sherrie Ann Torres, ABS-CBN News