The Action for Economic Reforms (AER), an organization engaged in research and advocacy, said restricting rice imports during harvest season will erode the economic benefits from the rice trade liberalization (RTL) law and may even result in unstable prices in the market.
The Action for Economic Reforms (AER), an organization engaged in research and advocacy, said restricting rice imports during harvest season will erode the economic benefits from the rice trade liberalization (RTL) law and may even result in unstable prices in the market.
The AER issued the statement on Tuesday, few days after President Duterte promised to farmers that he will not allow rice imports during or near harvest season to avert decline in palay (unhusked rice) farm-gate prices.
This policy pronouncement of curbing rice imports will erode the gains from the rice tariffication law. This will not stabilize rice prices, it said.
See full article at Business Mirror
