Press Release
February 16, 2019

Statement of Sen. Cynthia Villar on the signing of rice tarriffication bill into law

We thank and laud the President for signing into law the bill creating a package of support programs for farmers, most notably the P10 billion Rice Competitiveness Enhancement Fund. With the expiration of the quantitative restriction on rice importation, this is a very important piece of legislation, which will help our farmers improve their profitability and competitiveness.

This law complements other government programs addressing the needs of the farming sector, including the P7 billion Rice Program under the Department of Agriculture and the P7 billion budget of the National Food Authority which will be used to buy palay from local farmers for purposes of buffer stocking.

News Latest News Feed