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Importers are batting for the extension of Executive Order 171 to counter the continuing adverse impact of the Russia-Ukraine war on consumer prices, but local producers strongly opposed the petition stressing the reduced import tariff did not benefit consumers and it is time to protect local agriculture, as what other economies are doing, to ensure food security in the country.
From the producers’ side, Raul Montemayor, national Manager of the Federation of Free Farmers Cooperatives, Inc. and member of the National Policy Board of the Federation of Free Farmers , a national farmers union which is the mother organization of the FFFCI, stressed that reduction in tariffs on non-ASEAN rice imports did not, and will not, significantly diversify sources of rice.
Besides, he said, Pakistan is still competitive at 50 percent tariff level because it is largely exporting specialty rice that are offered in high end hotels and restaurants. By opening reduced import to tariffs to non-ASEAN will only benefit mostly consumers of premium rice grades or importers and traders.
In addition, he said, tariff reduction together with continued and worsening undervaluation of imports has resulted in huge tariff undercollection and lost funding for farmers. He placed total foregone revenues due to import undervaluation at P5.211 billion for the Jan-Sept. 2022 period alone. The FEF further said that given the lower actual retail prices of pork due to EO 171, the total consumer benefits or savings are approximately P108 billion from April to December 2022.
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