MANILA, Philippines – Lifting the rice import ban while retaining the 15-percent tariff rate on imported rice is crucial to protect consumers from rising food prices and keeping inflation in check.

This is according to advocacy group Foundation for Economic Freedom (FEF), which called on the government to “immediately” lift the rice import freeze and implement measures to stabilize the market.

https://business.inquirer.net/551326/top-economists-warn-vs-hike-in-rice-tariff