Tariff Exemption on Philippine Agricultural Products to Enhance Export Competitiveness
Makati city: The competitiveness of the Philippines’ agricultural exports is anticipated to improve significantly following the recent announcement by the United States of tariff exemptions on several key products. The exemptions apply to a 19 percent reciprocal tariff, providing a boost to the agricultural sector. According to Philippines News Agency, the US government announced on November 14 that products such as coconut oil, prepared or preserved coconuts, desiccated coconuts, fruit juices, processed pineapples, bananas (other than pulp), dried guavas, mangoes, mangosteen, frozen tuna fillets, rice wafer products, and confectionery products will now be exempt from tariffs. These items collectively generated