Philippines: Price Act - Basic and Prime Commodities

  |   Attaché Report (GAIN)   |   RP2022-0045

An overview of Basic and Prime Commodities as defined by the Price Act or "An Act Providing Protection to Consumers by Stabilizing the Prices of Basic Necessities and Prime Commodities and by prescribing measures against Undue Price Increases during Emergency Situations and Like Occasions" and tariff and value added tax rates applied to the various food and agricultural products.

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