The Philippine government has extended the lower tariff rates on pork and other food items through 2023.
Dave Rentoria, who is the Philippine representative for the U.S. Meat Export Federation says the tariff reductions create more opportunities for U.S. pork products in the country. “We see pork has penetrated traditional channels, like wet markets, which is still a big volume channel for meat,” he says. “And most importantly, I think, is this has brought new importers.”
The reduced rates, implemented in mid-2021, cut the tariff on in-quota pork cuts from 30% to 15% and for out-of-quota shipments from 40% to 25%.
