When Did Rice Tariffication Law Start?

The law, which did away with quantitative restrictions for rice imports in exchange for tariffs, was enacted in February 2019. Critics have branded it as the “rice import liberalization law,” since it basically opened the local market to cheaper, imported rice.

Why did they implement rice tariffication law?

11203 or Rice Tariffication Law, passed last February 2019, aims to modernize the agricultural sector as a way of making the sector globally competitive. Under this law, it permits the entry of imported rice while imposing a tariff, which varies depending on the volume of imported goods.

What is the rice tariffication law Philippines?

11203, otherwise known as the Rice Tariffication Law, in February 2019. After more than four decades of battles to reform the rice sector, the RTL ended NFA's monopoly, removed quantitative restrictions on rice imports, and replaced them with a 35 percent import tariff.