Thanks to some leading manufacturers in the country for supporting DTIโs move to impose safeguard measure on imported cement. They said it sends right signal to encourage expansion and more local job generation, build capacity and solve trade imbalance
LOOK: DTI Sec. Ramon Lopez together with other ASEAN Economic Ministers (AEM) has signed the First Protocol to Amend the ASEAN Trade in Goods Agreement and the Protocol to Implement the Tenth Package of Commitments Under the ASEAN Framework in Services (AFAS)| via @DtiPhilippines
Asean member states have been pushing for the trade deal, the Regional Comprehensive Economic Partnership (RCEP), to be inked by the end of this year.
It would create the world's largest trading bloc, covering a third of global gross domestic product.
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Great meeting with leaders of poultry and livestocks groups. Cooperation to cut prices and share info on farmgate prices weekly to target reasonable prices at palengke
Inflation rate up to 5.7%. World oil prices still high. High correlation. Those excise taxed tobacco alcoholic drinks and oil based like transport elec water and some agri prod. Rice fish meat vege. Must import and PNP catching eco saboteurs/erring traders
Reinventing Mining thru bamboo propagation. Win win win. Rehab of mined out areas, Livelihood for communities and bamboo raw mats supply for msmes. Need more land for plantation and mined out areas are plenty and they are required to rehab. With budget.
Must question additional shipping lines charges that are arbitrary and unreasonable at the expense of importers that result in higher import costs and prices. Importers may use big logistics companies who have leverage. Can also tax revenues from shipping lines charges.
feedwheat tariffs ranging 3-7 and fish tariffs 0-15% shd be lowerred to a uniform tariff rate of 5% to help lower prices. Same lowering of tariffs of meat poultry corn, but not at 5% due to many local producers