NEDA, inendorso kay PBBM ang EO na magpapalawig sa pinababang taripa sa ilang imported na produkto
NEDA, inendorso kay PBBM ang EO na magpapalawig sa pinababang taripa sa ilang imported na produkto
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NewsTranscript
00:00 President Ferdinand R. Marcos Jr. was endorsed to promote the lowest price of agricultural products.
00:08 While some government projects were approved by the NEDA Board.
00:13 This is what Kenneth Paciente reported.
00:16 After the 12th and last NEDA Board meeting this year,
00:21 which was led by President Ferdinand R. Marcos Jr.,
00:24 the National Economic and Development Authority of the United States endorsed the proposed EO
00:30 to promote the lowest most-favored nation or MFN tariff rates for some commodities
00:36 including pork, corn, and rice until December 31, 2024.
00:41 Thus, the tariff rates for pork will remain at 15% in quota and 25% out quota.
00:49 Corn at 5% in quota and 15% out quota.
00:55 And rice at 35% for both in quota and out quota for the extended period.
01:03 Balisacan explained that the proposed tariff rates will help to broaden the reduced tariff rates
01:08 to ensure adequate supply of agricultural commodities
01:11 and to maintain the low price of these commodities that will help to lower inflation.
01:17 It will also be beneficial to the agri-sector,
01:21 such as the ESF and the possible effects of the El Nino phenomenon.
01:25 We'll also be able to encourage alternative supply to diversify the country's market sources
01:32 and establish a forward-looking trade policy
01:35 that will allow effective and timely response for possible supply and price shocks
01:42 brought about by major challenges
01:45 such as the worsening African Swine Fever or ASF,
01:50 anticipated impact of the El Nino phenomenon,
01:53 and continuous increases in commodity prices in the world market.
01:58 Some projectories were approved for assistance,
02:01 including the Dalton Pass East Alignment Road Project in Central Luzon.
02:05 This is a four-lane alternative road to avoid Dalton Pass,
02:08 especially when there are road closures due to calamities.
02:12 With a cost of P67.4 billion and an expected completion by 2031,
02:19 the project will facilitate the seamless transport of people
02:23 in the delivery of essential goods and services within the region.
02:27 Another approved by the Board is the 8-Point Action Agenda of the DOH
02:32 that includes strategies for the health sector.
02:35 Phase 2 of the Master Plan on High-Standard Highway Network Development, or HSH,
02:40 includes 41 class 1 projects that will promote connectivity
02:45 to promote and accelerate the country's economy.
02:48 And now, 2023 is coming to an end.
02:51 NEDA is proud that the country's economic performance this year
02:56 has improved despite various challenges.
02:58 We have done well because if you look at the way we have performed
03:03 in relation to those many other countries,
03:07 we have remained among the top economic performers in Asia.
03:14 And in Southeast Asia, according to the report of ADB yesterday,
03:22 we remain the best performer in our region.
03:27 NEDA also believes that the target of 6% gross domestic product of the country will still be reached,
03:32 especially since the country is already learning from government spending
03:36 and will consider it next year when it comes to the administration of programs.
03:41 We did hiccups. We had hiccups on government spending in the first half of the year, right?
03:47 And that really hit us hard by way of growth
03:53 and the kind of services we're able to provide our people.
03:56 We have learned our lessons from there
03:59 and we would not want to see that repeated in the coming year.
04:05 Kenneth, patiente para sa bayan.