Republic of the Philippines

Rice Competitiveness Enhancement Fund

Source : GMA News (https://www.gmanetwork.com/news/) Article by : Dona Magsino Article Date : October 19, 2020 All rice import tariffs to be collected in excess of the P10-billion Rice Competitiveness Enhancement Fund (RCEF) until 2025 shall go directly to small farmers as cash assistance, Senator Cynthia Villar said Monday. “We decided na that it should continue reading : All RCEF surplus shall be earmarked as cash aid to rice farmers until 2025 — Villar

Source : Philippine Daily Inquirer (https://www.inquirer.net/) Article by : Catherine Gonzales Article Date : October 16, 2020 MANILA, Philippines — Approximately 600,000 rice farmers may get P5,000 each if the more than P3 billion excess collection of the Bureau of Customs (BOC) under the Rice Tariffication Law will be included as cash assistance under the continue reading : 600k farmers may get P5k cash aid from RCEF surplus — Villar

Source : National Economic and Development Authority (https://www.neda.gov.ph/) Article Date : October 10, 2020 MANILA – The Rice Tariffication Law (RTL) benefits all Filipinos. At the same time, it enhances productivity and overall competitiveness of our country’s rice sector. “When the government began its campaign to reform the rice sector, the goal was to improve continue reading : Rice Tariffication benefits all Filipinos, enhances productivity and competitiveness of rice sector — NEDA

Source : Philippine News Agency (https://www.pna.gov.ph/) Article by : Kris Crismundo Article Date : October 8, 2020 MANILA – Department of Agriculture (DA) Secretary William Dar has reiterated the benefits of the Rice Tariffication Law (RTL) and the Rice Competitiveness Enhancement Fund (RCEF), saying these reforms will regain the strength and resiliency of the Philippine rice sector. continue reading : RTL, RCEF to regain PH rice sector’s strength, resiliency

Source : Department of Finance (https://www.dof.gov.ph/) Article Date : October 1, 2020 Among the game changing reforms for which the Department of Finance (DOF) relentlessly advocated congressional approval in 2019 was the Rice Tariffication Law (RTL), which imposes farmer protection tariffs on rice imports in lieu of quantitative restrictions. The approval by the Congress and continue reading : Rice tariffication a gamechanger in 2019