Balisacan, who is also the Director General of the National Economic and Development Authority (Neda), later told a press conference that in case the QR on rice will be eventually scrapped, slapping an import duty of 30-35 percent would be “a much better regime than QR.”
“We can commit to reduce the tariff over time; it can be negotiated with [trading partners],” the Neda chief said.
Read more: http://business.inquirer.net/199424/aquino-wont-likely-scrap-rice-import-quota#ixzz3mMUUE9zJ
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