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From the wire service news resources of LexisNexis:

35% import tariff better than QR on rice, says PIDS

12:00 AM - MANILA, Philippines - Replacing the quantitative restriction (QR) on rice with a 35 percent tariff on imports would lower palay (unmilled rice) prices by as much as P5 per kilogram and rice retail prices by around P7 per kilogram, a new study by the Philippine Institute of Development Studies (PIDS) said. The study said opening the Philippine rice market to more imports would double the baseline importation level of 22 million tons to around 44 million tons in the succeeding years from the expiration of the QR in the middle part of 2017. This is because domestic output is still insufficient to meet domestic demand. Specifically, palay prices are expected to fall by P4.
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