Browse Data and Analysis

On February 22, 2023, the Philippine Tariff Commission announced that it will commence a Comprehensive Review of the Most Favored Nation (MFN) Tariff Schedule, covering all products/tariff lines falling under Chapters 1 to 97 of Section 1611 of the CMTA, to set the MFN Tariff Schedule for 2024 to 2028.

This report provides the standard rules and regulations relevant to the administration of the Philippines' tariff-rate quotas, known locally as Minimum Access Volumes (MAV) and, when authorized, MAV Plus.

This report outlines the Philippine government requirements for the importation of rice, including significant developments since 2022, when the government generally stopped approving issuances of the Sanitary-Phytosanitary Import Clearance (SPSIC) import permit.

Due to the recent ban on genetically engineered (GE) commodity imports, the 2022/23 soybean import forecast is reduced from 2.5 to 1.2 million tons. With the lower expected soybean imports, 2022/23 crush and soybean meal output is reduced accordingly.

The 2022/23 cotton import forecast is reduced from 5 to 4.5 million bales due to the problems importers are facing in financing imports. Since December 2022, Pakistan’s shortage of dollars has hindered cotton importers’ ability to fulfill payment...