Philippines may extend reduced import tariffs on rice, other commodities

The Philippines, one of the world’s top rice buyers, is encouraging private traders to ramp up imports. - AFP

MANILA (Reuters): The Philippines may extend reduced import tariffs on rice and other commodities beyond 2023 to ease pressure on inflation, which remained above target last month, officials said.

The lowered tariffs, also applying to corn and pork imports, are due to expire by the end of the year.