Published March 25th, 2010
THE government is carefully weighing its options on protecting the Philippines’ rice market, as it could entail opening up the country’s market for other farm goods traded under the World Trade Organization (WTO).
An official of the Department of Agriculture (DA) also disclosed that it would be up to the next administration to determine whether it would negotiate for the retention of the quantitative restriction (QR) on rice.
“[The DA] will just make a recommendation but it will be up to the next administration whether it will go for the retention of the QR,” said the DA official who is privy on trade matters.
So far, the official said the DA has not yet come up with a final recommendation regarding the possible extension of the QR on rice and that the matter is under “careful study.”