Philippines reduces import duty on key materials for canned food industry


By DAAGZhang Yisheng

MANILA, Nov. 8 (Xinhua) -- Philippine President Ferdinand Romualdez Marcos approved temporarily reducing import duty on tin-mill blackplate (TMBP) to help stabilize the supply chain and lower production costs in the country's canned food industry, the Presidential Communications Office (PCO) said Saturday.

The measure aimed to revitalize local tin plate and tin-free steel manufacturing, which play an important role in food packaging, amid the absence of domestic TMBP production, the PCO said in a news release.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Bus falls into river while boarding ferry in Bangladesh, leaving 24 dead
Analysis-Maduro case to test US narcoterrorism law with limited trial success
Panel wants prosecution of ousted Nepal PM over violence in Gen Z protests
Indonesia military officer steps down following acid attack on activist
Tehran rejects US claims of ‘ongoing, productive’ negotiations
Russian attacks kill two in Ukraine's Kharkiv, damage infrastructure on the Danube
Democrats, Republicans trade blame as major U.S. airports continue to see hours-long security lines
U.S. stocks finish higher on reports over Middle East
From the Frontline: Shattered life inside a forgotten train carriage
North Korea's Kim Jong Un welcomed Belarus President Lukashenko to Pyongyang, KCNA says

Others Also Read