Former governor, veteran author and Secretary of the Agriculture Department, Sec. Manny Piñol reported that Philippine President Rodrigo Duterte seeks lower tariff for agricultural products to the Republic of Korea (ROK).
According to Agriculture Secretary Manny Piñol, President Duterte asked the Republic of Korea (ROK) through President Moon Jae-in, to lower the tariff imposed on agricultural products entering Korea which will include the world-famous Bananas.
During the Bilateral Meeting between the Philippine and South Korean President which lasted for one hour, held at the Blue House, the official resident of the Korean President, Pres. Duterte sought the facilitation of new Philippine agricultural products being introduced in South Korea like Okra and Avocado.
As a response to Pres. Duterte's request, Korean President Moon Jae-in said his government will look into mechanisms to allow lower tariff for Philippine agriculture products.
Here's the Complete Report of Sec. Manny Piñol:
Entry of Okra, Avocado sought
PRRD SEEKS LOWER TARIFF
FOR AGRI PRODUCTS TO ROK
By Manny Piñol
Seoul, South Korea - President Rody Duterte yesterday asked the Republic of Korea (ROK) to lower the tariff imposed on agricultural products entering the country, including Bananas.
During an hour-long Bilateral Meeting held at the Blue House yesterday, President Duterte also sought the facilitation of new Philippine agricultural products being introduced in South Korea like Okra and Avocado.
Responding to the Philippine President’s request, ROK President Moon Jae-In said his government will look into mechanicsms to allow lower tariff for Philippine agriculture products.
Pres. Moon said the Regional Comprehensive Economic Partnership (RCEP) could be a possible instrument for the lowering of duties.
The RCEP is an agreement forged by member-countries of the ASEAN with South Korea.
(Philippine Finance Secretary Carlos G. Dominguez, however, says that trade facilitation through RCEP is a slow process and instead proposed a Bilateral Preferential Trade Agreement betwee the Philippines and South Korea.)
South Korea imposes a 30% tariff on Philippine fruits, especially bananas while enjoying very low duties for Korean fruits, trucks, cars and farm equipment.
Pres. Moon said that other mechanisms could also be explored as an option to the RCEP.
The prospects of increased engagements in agriculture between the Philippines and South Korea are bright especially with the signing yesterday of the Memorandum of Understanding on Agricultural Cooperation.
#Changeishere!
#DuterteDelivers!
(Photos by Peng Aliño)
Source: Sec. Manny FB Page
According to Agriculture Secretary Manny Piñol, President Duterte asked the Republic of Korea (ROK) through President Moon Jae-in, to lower the tariff imposed on agricultural products entering Korea which will include the world-famous Bananas.
During the Bilateral Meeting between the Philippine and South Korean President which lasted for one hour, held at the Blue House, the official resident of the Korean President, Pres. Duterte sought the facilitation of new Philippine agricultural products being introduced in South Korea like Okra and Avocado.
As a response to Pres. Duterte's request, Korean President Moon Jae-in said his government will look into mechanisms to allow lower tariff for Philippine agriculture products.
Here's the Complete Report of Sec. Manny Piñol:
Entry of Okra, Avocado sought
PRRD SEEKS LOWER TARIFF
FOR AGRI PRODUCTS TO ROK
By Manny Piñol
Seoul, South Korea - President Rody Duterte yesterday asked the Republic of Korea (ROK) to lower the tariff imposed on agricultural products entering the country, including Bananas.
During an hour-long Bilateral Meeting held at the Blue House yesterday, President Duterte also sought the facilitation of new Philippine agricultural products being introduced in South Korea like Okra and Avocado.
Responding to the Philippine President’s request, ROK President Moon Jae-In said his government will look into mechanicsms to allow lower tariff for Philippine agriculture products.
Pres. Moon said the Regional Comprehensive Economic Partnership (RCEP) could be a possible instrument for the lowering of duties.
The RCEP is an agreement forged by member-countries of the ASEAN with South Korea.
(Philippine Finance Secretary Carlos G. Dominguez, however, says that trade facilitation through RCEP is a slow process and instead proposed a Bilateral Preferential Trade Agreement betwee the Philippines and South Korea.)
South Korea imposes a 30% tariff on Philippine fruits, especially bananas while enjoying very low duties for Korean fruits, trucks, cars and farm equipment.
Pres. Moon said that other mechanisms could also be explored as an option to the RCEP.
The prospects of increased engagements in agriculture between the Philippines and South Korea are bright especially with the signing yesterday of the Memorandum of Understanding on Agricultural Cooperation.
#Changeishere!
#DuterteDelivers!
(Photos by Peng Aliño)
Source: Sec. Manny FB Page
Pres. Duterte Seeks Lower Tariff for Products Like Okra, Avocado & Bananas
Reviewed by Phil Newsome
on
June 05, 2018
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Reviewed by Phil Newsome
on
June 05, 2018
Rating:
