'Review FTAs to make higher salt tariff effective'
Excerpt
The government should review some of its free trade agreements (FTAs) to ensure that the higher salt tariff rate would make an impact on the lives of local salt farmers, stakeholders said. Philippine Chamber of Agriculture and Food Inc. president Danilo Fausto pointed out that the increase in salt tariff to nine percent from one percent would not make significant impact on the domestic industry since most of the imported supplies enter the country tariff-free under FTAs. “There is a need to review tariff agreements if we are serious in developing the affected industries. Or else, laws that were passed giving support to industries will be useless,” Fausto told The STAR.
Citation
Arcalas, J. E. (2024, October 25). 'Review FTAs to make higher salt tariff effective'. The Philippine Star, p. B6.
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