A reduction in tariffs and duties on prawn farm inputs coupled with a phase out of subsidies given by the Board of Investments (BOI) to prawn exporters will improve the competitiveness of Philippine prawns in the world market, according to a study of the Agriculture department. The study, made by the Research and Training Program for Agricultural Policy, said a reduction in tariffs would decrease the prices of prawn feeds and tends to encourage the use of the products.

Silva, C. (1990, August 21). Reduced tariffs seen to boost prawn industry. The Manila Chronicle, p. 13.