MANILA - The National Economic and Development Authority on Tuesday renewed its call for Congress to pass a law imposing tariffs on rice in place of import quotas.
President Rodrigo Duterte said during his State of the Nation Address on Monday that rice tariffs are "urgent." His economic managers had said it would help bring down prices of the staple grain.
Socioeconomic Planning Sec. Ernesto Pernia said prices of rice "will likely go down" once the tariffs are implemented.
"There is no time to waste. All of us must rally behind the administration's reform agenda, most especially the rice tarrification bill, which if implemented will make our agriculture sector competitive in the long-term," Pernia said.
Pernia also reiterated the call for the passage of the National Land Use Act which was also pushed by the President during his SONA.
The law aims to protect prime agricultural lands and to address "long-standing" land use conflicts, among others, NEDA said.