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    The Rice Tarification Law

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    ME Valleser
    The document discusses the Rice Tarification Law in the Philippines which liberalizes rice importation and exports. It aims to ensure sufficient rice supply and competitiveness in the agricultural sector. While this may lower consumer prices, farmers fear it could threaten their livelihoods due to stiffer competition. The law provides a Rice Competitiveness Fund to support farmers, but its sufficiency and transparency are doubted. Overall, the law benefits consumers but endangers farmers unless stronger support measures are implemented.

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    The Rice Tarification Law

    Uploaded by

    ME Valleser
    60 views3 pages
    The document discusses the Rice Tarification Law in the Philippines which liberalizes rice importation and exports. It aims to ensure sufficient rice supply and competitiveness in the agricultural sector. While this may lower consumer prices, farmers fear it could threaten their livelihoods due to stiffer competition. The law provides a Rice Competitiveness Fund to support farmers, but its sufficiency and transparency are doubted. Overall, the law benefits consumers but endangers farmers unless stronger support measures are implemented.

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    Is Rice Tarification Law favorable or not?

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    The document discusses the Rice Tarification Law in the Philippines which liberalizes rice importation and exports. It aims to ensure sufficient rice supply and competitiveness in the agricultural sector. While this may lower consumer prices, farmers fear it could threaten their livelihoods due to stiffer competition. The law provides a Rice Competitiveness Fund to support farmers, but its sufficiency and transparency are doubted. Overall, the law benefits consumers but endangers farmers unless stronger support measures are implemented.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    60 views3 pages

    The Rice Tarification Law

    Uploaded by

    ME Valleser
    The document discusses the Rice Tarification Law in the Philippines which liberalizes rice importation and exports. It aims to ensure sufficient rice supply and competitiveness in the agricultural sector. While this may lower consumer prices, farmers fear it could threaten their livelihoods due to stiffer competition. The law provides a Rice Competitiveness Fund to support farmers, but its sufficiency and transparency are doubted. Overall, the law benefits consumers but endangers farmers unless stronger support measures are implemented.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    1.

    The Rice Tarification Law (Republic Act No 11203) is an act passed by the Congress and
    signed by President Rodrigo Duterte on February 14, 2019 that sets unlimited import of
    rice in our country or in other words, this is an act liberalizing the importation,
    exportation and trading of rice, lifting for the purpose the quantitative import restriction
    on rice, and for other purposes. The objective of this law is to ensure that the shortage of
    rice will not happen again, establishing global competitiveness and making the
    agricultural sector of the country feasible. According to the Secretary of Department of
    Agriculture, Sec. Manny Piñol, the positive side of this law is for the Philippines to allow
    the entry of imported rice and expectedly it will decrease the price in the market. But
    farmers are afraid that this law might endanger their livelihood as the competition will
    become stiff.
    2. Import license defined by Wikipedia, is the document issued by the national government
    permitting the importation of goods into the country. The import license serves as a
    verification for foreign imports signifying the amount of imported goods and the
    government can also put restrictions on that. According to my research, import license is
    deemed to be a non-tariff barrier to trade. Import license takes the form or mechanism of
    putting barriers or restrictions on import of goods to protect the national industry to
    foreign competition and as a way also for safety standards and labeling requirements. So,
    import licenses are more secure and measures are flexible than under tariff. Whereas
    tariffs as provided by LawPhil Project (2021), refer to a tax imposed on a commodity
    imported from another country. It is a source of revenues for the government, regarded as
    instruments to promote local industries by taxing their competitors and to remedy trade
    deformation. The benefit is accorded to the local producers by the maintenance of a
    domestic price at a level equal to the world price plus the tariff.
    3. For me, this law sounds good for consumers because prices will be decreased since the
    market is open for imports. However, this is really alarming for farmers because their
    livelihood will be at stake. The volume of the domestic palay/ rice is much lower than the
    two prior periods and it will be difficult for famers to do well amidst the tougher
    competition abroad. Although there is what we call Rice Competitiveness and
    Enhancement Fund provided 10- billion subsidy every year from tariffs collected and set
    aside to help the local farmers in the form of machineries, seeds, trainings and credits in
    the next 6 years, it will really be still a difficult move and very insufficient to cover up all
    the needs of local farmers. Apparently, corruption is an unending illness of the
    government officials and I honestly doubt if they will be transparent enough to the people
    especially the farmers. If only there is a support subsidy coming from the government in
    the form of subsidized loan and at the same time, ensuring the farmers that their harvest
    will be paid off and most importantly, giving security to the farmers for the land that they
    will use for farming, no farmers will ache for such law. I believe that importation of
    goods should decline in the times of harvest and import only what is needed. As a
    conclusion, I will definitely use my brain wisely in this upcoming election.
    References:
    Republic Act No. 11203. (2019, February 14). The LawPhil Project: Arellano Law Foundation.
    https://lawphil.net/statutes/repacts/ra2019/ra_11203_2019.html
    Wikipedia contributors. (2020, February 29). Import license. Wikipedia.
    https://en.wikipedia.org/wiki/Import_license
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