The Philippine government announced today it will provide more market access for pork imports, a top long-term trade priority for the National Pork Producers Council (NPPC). Rising pork prices as a result of African swine fever and the resulting shortages motivated the move.
Beginning April 7, the Philippines will lower tariffs on pork imports under the increases minimum access volume (MAV) of 404,210 MT from 30% to 5% for the next three months. After that, those tariffs will go to 10%. Imports of pork above the MAV will be subject to a 15% duty for the next three months, followed by a 20% tariff. That compares to the previous tax of 40% on imports beyond the MAV. These tax cuts will be in effect for one year.
NPPC reports that during 2020, the U.S. exported 49,660 MT of pork worth $121 million to the Philippines. It expects expanded market access to generate “significantly more U.S. pork exports to the country” that has a population of 109 million.