Area
Philippines
Commodity Group
Rice
Commodity
All
Date
05/04/2019
Policy Category
Trade
Policy Instrument
Import quota, import tariff
Description
Issued the Implementing Rules and Regulations (IRR) of Republic Act 11203, which liberalized rice imports, among other measures. Effective 5 March 2019, the IRR repeals the regulatory powers previously held by the National Food Authority (NFA), including those related to the licensing, registration and supervision of structures or entities engaged in production, marketing, transport, storage or manufacture of rice and other grains, as well as the issuance of rules and regulations regarding their trade. As stipulated by the Republic Act 11203, the NFA's food safety regulatory functions are also to be migrated to the Bureau of Plant Industry, while the IRR grants the NFA 60 days to restructure so as to perform its new functions. MAV imports are to be allocated based on auctions, governed by guidelines issued by the MAV Management Committee, and implemented by the Bureau of the Treasury and the Land Bank of the Philippines.
