What to expect from changes in rice tariffication law? First, a more powerful NFA.
MANILA, Philippines – The House of Representatives passed on third and final reading on Tuesday, May 21, the proposed amendments to Republic Act No. 11203 or the rice tariffication law (RTL).
House Bill No. 10381 reimagines a National Food Authority (NFA) that has more control over supply and prices and more power over local suppliers and foreign investors.
The crux of the matter? The NFA can import rice again and will be empowered to do so when there are “no available stocks” from local farmers and cooperatives.
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