The Philippines stands to lose tariff revenues collected on milk and dairy products that would not necessarily result in a decline in prices of these goods," Danilo V. Fausto, chair of the Dairy Confederation of the Philippines, said in a position paper.
"If possible, [the AANZFTA] should not be approved because there were talks that the Trade department will sign it this week," Fausto said in a phone interview.
He added that the P65 billion local industry stands to lose as much as P221 million a year due to the influx of cheap milk powder.
 |
| (Reuters) |
The Web site of the Australian Department of Foreign Affairs and Trade showed that, under AANZFTA, the Philippines will cut to zero percent its tariff on milk powder from current 1 percent-3 percent, and retain the 3 percent duty on liquid milk.
This is our free preview of this article.
To enjoy reading the story in full, please log in to Codex. Or, if you are not yet a subscriber, please subscribe now to get complete access to Philippine business news daily from BusinessWorld.
http://www.bworldonline.com/BW070209/content.php?src=3&id=054
© Copyright 2009 by Intellasia.net
Top of Page
|
