Philippine to compensate for extension of quantitative restriction (QR) on rice.

Economic managers will ask President Rodrigo Duterte to certify as urgent a bill that will slap a tariff on all rice imports in order to finally do away with the quota system and avoid sanctions from the World Trade Organization (WTO), according to Socioeconomic Planning Secretary Ernesto M. Pernia. President in April signed Executive Order No. 23, which he said aimed at eventually lifting the quantitative restriction (QR) on the Filipino food staple, the EO provided for a three-year extension of the QR while in transition towards tariffication.