Philippines: The reimposition of price-based special safeguard duty gives a temporary relief to the broiler sector

Published Jun 13, 2024

Tridge summary

The Philippine Rural Reconstruction Movement (PRRM) has expressed satisfaction with the reintroduction of safeguard duties on certain imported goods such as meat, chicken, and coffee. This development, which aligns with the poultry industry's demands, is in accordance with the price-based special safeguard duty (SSG) on eligible agricultural products, as outlined in Bureau of Customs Memorandum Circular No. 72-2024. The PRRM is advocating for strict enforcement of these duties, which are intended to shield the local industry from unfair competition without raising retail prices. The duties will apply to several agricultural products not including mechanically deboned meat, as per the memorandum circular and the ASEAN Harmonized Tariff Nomenclature 2022.
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Original content

An agriculture stakeholder group welcomed the reinstatement of safeguard duties for select imported products, including meat, chicken, and coffee. In a statement Wednesday, the Philippine Rural Reconstruction Movement (PRRM) urged for the proper enforcement of the price-based special safeguard duty (SSG) on eligible agriculture products under Bureau of Customs (BOC) Memorandum Circular (CMC) No. 72-2024. “Strengthening and increasing safeguard duties imposed on chicken give immediate temporary relief to the local broiler sector without adversely affecting the chicken retail price,” PRRM president Edicio dela Torre said. The poultry industry has been pushing for the reinstatement of price-based SSG after it was suspended six years ago, according to dela Torre. Under BOC Memorandum Circular (CMC) No. 72-2024, all agricultural products listed in CMC No. 76-2018 should still be ...
Source: Gmanetwork
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