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
Latest from Business
The Philippines has secured $34.1 million in funding from the United States to strengthen its ube
The Bureau of Internal Revenue (BIR) has eased invoicing rules to help businesses avoid unnecessary compliance
Manulife Investment Management and Trust Corp. has received approval from the Bangko Sentral ng Pilipinas (BSP)
OpenAI is accelerating its fundraising efforts ahead of rival Anthropic’s expected initial public offering (IPO) in
A digital bank in the Philippines is accelerating its customer acquisition efforts as competition intensifies in
