The Foundation for Economic Freedom (FEF) is pushing for a reduction in corn import tariffs from 15 percent to 5 percent to help prevent a potential rise in animal feed costs.
In a position paper submitted to the Tariff Commission, the group recommended a uniform 5 percent tariff for both in-quota and out-quota imports to improve supply stability and lower production costs for livestock and poultry industries.
FEF said the measure would help make pork, chicken, and eggs more affordable by improving access to imported corn and enhancing market efficiency.
It also argued that the current quota system and the Department of Agriculture’s proposal to expand import volumes could lead to inefficiencies and risks such as favoritism and regulatory capture.
However, the Philippine Maize Federation opposed the proposal, warning that lower tariffs could drive down farmgate prices and negatively affect local corn farmers and rural livelihoods.
Source: PhilNews24 | April 23, 2026
PROPOSAL TO LOWER CORN IMPORT TARIFFS GAINS TRACTION
Latest from Business
More than 800,000 motorcycles were sold in the Philippines from January to May as consumers increasingly
The Department of Trade and Industry (DTI) has released its price guide for school supplies ahead
The Bangko Sentral ng Pilipinas (BSP) has reminded banks to ensure that non-deliverable foreign exchange derivatives
Maynilad Water Services Inc. will lower water tariffs for the third quarter starting July 1 due
Agriculture Secretary Francisco Tiu Laurel Jr. defended Executive Order 116, which increases the minimum access volume