Philippines Extended Zero Import Tariff on Cement and Wheat

It was reported by Commerce World Newspaper of the Philippines on 9th February that, the president had already approved the policy to extend import zero tariff rate on cement and wheat for another 6 months for the purpose of curb products market price.

On December 2008, the president declared to implement imports zero tariff on wheat and cement for six months, following with the first six months extension. This is the second time extension.

Under the circumstance of no related tariff relief preference, importers should pay 3% duty when importing aforementioned products from ASEAN, while for 5% duty from other regions.