Philippines’ finance minister optimistic rice tariff cut will get presidential approval

DUBAI, Sept 12 — The Philippines’ finance minister today expressed optimism that President Ferdinand Marcos Jr will approve a proposal to cut tariffs on imported rice, and that the measure could be implemented as soon as next month.

Asked if he thinks the tariff cut proposal will be approved, Finance Secretary Benjamin Diokno said: “I think so.” According to Diokno, Marcos can cut tariffs only when Congress, which is scheduled to adjourn by the end of this month, is not in session.

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