Economics
Duterte Backs Rise in Pork Imports as Supply Crunch Fans Prices
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Philippine President Rodrigo Duterte has asked Congress to increase the cap on pork imports purchased under lower tariffs to address a supply crunch that has helped stoke inflation to a two-year high.
The president recommended the increase in the minimum access volume by 350,000 metric tons on top of the 54,210 metric tons agreed under terms of the World Trade Organization, his spokesman Harry Roque said in a statement late Friday. Temporary adjustments can be made to the WTO agreement by Congress or through a presidential executive order.