Philippines: Department of Trade and Industry (DTI) welcomes tariff retention on imported deboned meat

Published 2021년 1월 18일

Tridge summary

The Department of Trade and Industry (DTI) in the Philippines is praising the signing of Executive Order (EO) 123, which maintains a 5 percent tariff on mechanically deboned meat (MDM) imports of chicken and turkey until the end of 2022. This order replaces EO 82, which had threatened to raise the tariff to 40 percent, a move that would have increased the prices of hotdogs and canned meat products by 12 to 17 percent. The DTI emphasizes that no local producers of MDM are being protected by this tariff, and that keeping it at 5 percent will prevent price inflation in canned meat products, which are essential items. The Philippine Association of Meat Processors, Inc. (PAMPI) has expressed gratitude for the President's decision, aligning it with the government's efforts to support the domestic manufacturing sector, create jobs, protect consumers, and foster economic growth.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

MANILA – The Department of Trade and Industry (DTI) has welcomed the signing of Executive Order (EO) 123 retaining the tariff rate of imported mechanically deboned meat (MDM) of chicken and turkey at 5 percent until end-2022. In a statement Monday, the DTI said retaining the tariff rate for imported MDM will keep suggested retail prices (SRPs) of processed and canned meat products. DTI Secretary Ramon Lopez has earlier supported the retaining of MDM tariff at 5 percent as there are no local producers that needed to be protected. “There is no need to increase the tariff to 40 percent because there are no local producers to protect. Since MDM is the main cost component in low-priced canned and processed meat products, any tariff increase will only lead to the inflation of cost and prices of most canned meat products that are also part of basic goods in our SRP,” Lopez said. President Rodrigo Duterte signed the new EO last Jan. 15. “The new EO amends EO 82, signed by the President in ...

Source: Pna