British Chamber Warns Pork Tariff Hike May Fuel Inflation in Philippines
Economy

British Chamber Warns Pork Tariff Hike May Fuel Inflation in Philippines

The British Chamber of Commerce Philippines (BCCP) has voiced concerns over a proposed tariff hike on pork imports, citing the risk of exacerbating the current inflation rate of 7.2%. The chamber highlights the slow recovery of the domestic hog herd from African Swine Fever and global factors, urging the government to maintain existing tariff rates to prevent further price increases for consumers.

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