MANILA, Philippines — The government is set to present a new tariff structure for agricultural products and electric vehicles to the National Economic and Development Authority Board chaired by President Marcos next month.
“The overall intention of that review is to further structure the tariff regime so that we can have a more efficient competitive economy so that we don’t have cases where some industries have low tariffs for their outputs, for the outputs that they produce, but they face high tariffs for the inputs that they use for their production, effectively making them losing competitiveness,” he said.
“There was a consultation done by the Tariff Commission. They presented to us the recommendation. And then we would further discuss it with the Cabinet level,” Balisacan said. Pascual said the objective of lowering the tariff on EVs under EO 12 is to increase vehicles with electric engines for purposes of encouraging the setting up of charging stations.
Pangilinan-led Philex Mining Corp is exploring all possible logistical options to fast-track the commercial operations of its Silangan gold and copper mine ahead of the fourth quarter 2025 target.
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