Philippines: CREATE to Extend Tariff and Tax Incentives to Source Agricultural Inputs

The Philippines has two laws to provide tariff and tax exemptions that support the importation of raw materials and/or inputs for the benefit of local agricultural production. While a 1997 law, AFMA, has long facilitated duty-free imports for a select list of agricultural inputs, the more recent 2021 law, CREATE, has the promise to expand tariff and tax incentives to a priority list of agricultural sub-sectors.