BusinessWorld
April 21, 2021 | 7:54 pm
REUTERS
PRESIDENT Rodrigo R. Duterte has asked the Senate to give his executive order (EO) lowering tariffs on imported pork a chance to stabilize the supply of pork after the drastic reduction in hog numbers due to the African Swine Fever (ASF) outbreak.
Mr. Duterte is “asking the esteemed members of the Senate to give EO 128 a chance and consider its intended effects, which include addressing the shortage (of pork), stabilizing prices… and minimizing inflation,” the President’s spokesman Herminio L. Roque, Jr. said in a statement Wednesday.
The Senate has adopted a resolution asking the President to revoke his order, which temporarily reduces the tariff rates on imported pork products for one year, arguing that the surge in imports could kill the hog industry.