Meat processors request for extension on 5% tariff

by asiafoodbeverages
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Meat processors in the Philippines have requested for an extension of the most-favored nation (MFN) tariff rate of 5% on imported mechanically-deboned meat (MDM) to avert possible upward movements on prices of processed and canned meat products.

According to a notice published by the Tariff Commission (TC), the agency is set to conduct an investigation to determine if there is basis for the continuation of the MFN rates on imported chicken and turkey MDM. The MFN rate is set to expire on 31 December 2022, following a previous government extension through EO123 signed by then President Rodrigo Duterte in 2021. EO123 took over EO83 which expired in December 2020, and retained the 5% rate.

If the TC finds no reasonable basis to allow a 3rd extension of the MFN rate, the tariff on imported MDM will revert back to 40%.

Philippine Association of Meat Processors spokesperson Rex Aggarado said the group is poised meet to discuss the petition during the general membership meeting in September 2022.

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