NEDA eggs Malacañang on rice tariffs law

Where is the bill now?

Where is the bill now?

The National Economic and Development Authority (NEDA) started drumming up attention for the rice tariffication bill, which appears to have been left untouched over the Christmas break.

In a statement, the NEDA called for its “immediate enactment into law,” noting that this would be the key to stabilize rice prices and the overall inflation rate.

Congress finalized provisions of the measure just before going on recess in December. Malacañang has said that the bill will be signed “anytime now” last month, but it is yet to be published as a Republic Act as of early January.

“The aim of the bill is to make rice accessible and affordable to every Filipino, and to make the rice sector competitive,” NEDA Secretary Ernesto Pernia said.

The proposed law will remove import limits on rice and will allow anyone to bring in the crop from abroad, subject to a 35 percent tariff.

NEDA expects the change to bring down rice prices by as much as P7 per kilogram.

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