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WHEREAS, EO No. 10 (s. 2023) further extended the effectivity of the reduced tariff rates on rice, corn, and meat of swine until 31 December 2023, and coal beyond 31 December 2023;

WHEREAS, the present economic condition warrants the continued application of the reduced tariff rates on rice, corn, and meat of swine (fresh, chilled or frozen) to maintain affordable prices for the purpose of ensuring food security, managing inflationary pressures, help augment the supply of basic agricultural commodities in the country, and diversity the country's market sources;

WHEREAS, Section 7(a) of Republic Act (RA) No. 8178 or the "Agricultural Tariffication Act," as amended by RA No. 11203, empowers the President to increase, reduce, revise or adjust existing rates of import duty up to the bound rate committed by the Philippines under the World Trade Organization Agreement on Agriculture and the ASEAN Trade in Goods Agreement, including any chance in classification applicable to the importation of rice, consistent with the Philippine national interest and the objective of safeguarding Filipino farmers and consumers;

WHEREAS, Section 1608 of RA No. 10863 or the "Customs Modernization and Tariff Act," empowers the President, in the interest of general welfare and national security, and upon recommendation of the National Economic and Development Authority (NEDA), to increase, reduce or remove existing rates of import duty; and

WHEREAS, on 14 December 2023, the NEDA Board endorsed the temporary extension of the reduced MFN tariff rates under EO No. 10 on rice, corn, and meat of swine (fresh. chilled or frozen) until 31 December 2024;

Upon the effectivity of this Order, all articles specifically listed in Annex A hereof, which are entered into or withdrawn from warehouses in the Philippines for consumption, shall be levied the MFN rates of duty as prescribed therein.

For this purpose, the NEDA Committee on Tariff and Related Matters shall submit to the President, through the Office of the Executive Secretary, its findings and recommendations on the matter, including analysis and monitoring of the subject commodities.

Section 3. Separability. If any section or part of this Order is declared to be unconstitutional or invalid, the other sections or provisions not otherwise affected shall remain in full force and effect.

Section 4. Repeal. EO No. 10 is hereby repeal. All other orders, rules, regulations, and issuances or parts thereof, which are inconsistent with this Order are hereby repealed or modified accordingly.

Section 5. Effectivity. This Order shall take effect immediately after its complete publication in the Official Gazette or in a newspaper of general circulation.

DONE, in the City of Manila, this 22^nd day of December, in the year of our Lord, Two Thousand and Twenty-Three.

 

(SGD.) FERDINAND R. MARCOS, JR.

 

By the President:

(SGD.) LUCAS P. BERSAMIN
Executive Secretary