Group: Penalize traders for unused rice import permits

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The story "Group: Penalize traders for unused rice import permits" was covered 11 hours ago by Business Mirror, a news publisher based in Philippines.

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Group: Penalize traders for unused rice import permits - Business Mirror

Quick Summary:

The government should penalize traders who will fail to use their rice import clearances, the Philippine Chamber of Agriculture and Food Inc.(PCAFI) said Wednesday.

An SPSIC would certify that an inbound shipment is safe for human and animal consumption and would not bring in any pests that could be detrimental to the local agriculture sector.

Rice importers are required to secure an SPSIC from the BPI before bringing in foreign rice stocks.