Farmer groups ask SC to strike down EO 62 reducing tariffs on rice, farm products

Quick Summary:

MAJOR agricultural groups on Thursday filed a petition before the Supreme Court seeking to declare unconstitutional President Ferdinand "Bongbong” Marcos Jr.’s Executive Order No.62, issued on June 29, 2024, reducing tariffs on rice and farm products.

The petitioners — Samahang Industriya ng Agrikultura (Sinag) Inc., Federation of Free Farmers Inc.(FFFI), United Broiler Raisers Assn.1 Inc, Sorosoro Ibaba Development Cooperative (SIDC), and Magsasaka Party-list Rep.

As a result, their livelihoods and the agricultural sector in general may suffer, which can exacerbate rural poverty and further drag economic disparity,” they stressed.“While addressing inflation is imperative, it should not come at the expense of our local farmers and producers, our food supply’s long-term stability, and the Philippine economy’s long-term stability.

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Article Details

Author / Journalist: Joel R. San Juan

Category: BusinessStartups

Markets: Philippines

Topics: Economy Tariffs Farmers Issuance Order Petitioners Products Rice Palace Tariff Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 05:59:15 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 868 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 21478219

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