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Panukalang pag-amyenda sa Rice Tariffication Law, niratipikahan na ng Kongreso
PTVPhilippines
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9/26/2024
Panukalang pag-amyenda sa Rice Tariffication Law, niratipikahan na ng Kongreso
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00:00
How can a law that amends the Rice Tariffication Law, which is far from being more productive and profitable for our countrymen to grow,
00:09
is just a lie that President Ferdinand R. Marcos, Jr. is waiting for?
00:13
Daniel Manalas was at the center of the news.
00:18
How can a law that amends the Rice Tariffication Law, which is far from being more profitable for our countrymen to grow,
00:23
After the ratification of the two constitutions of the Congress,
00:26
the Bicameral Conference Committee reported on Senate Bill 2779 and House Bill No. 10381.
00:34
Senator Cynthia Villar stood in the Senate plenary last night to repeat the successful agreement of the Bicam.
00:41
I am pleased to report on the successful outcome of the Bicameral Conference.
00:47
The Bicameral Conference agreed to adopt the Senate version as the working draft of the discussion.
00:54
The Chamber and our country thanks as well, Senator Villar, for your hard work in the passage of this measure.
01:01
In the Senate version, rice will be allowed to be imported if there is no locally produced rice available.
01:06
The Agriculture Secretary will be authorized to appoint an importing entity to the DA, but the NFA is not included.
01:15
Under the Rice Competitiveness Enhancement Fund or RCEF,
01:19
the annual appropriation will increase from Php 10 billion to Php 30 billion by 2031.
01:27
Implementing agencies will also use it.
01:29
The RCEF also expects to use it for rice-producing areas such as rice farm machineries
01:36
that can help our countrymen to grow rice.
01:39
The Financial Assistance for them is also expected under the bill.
01:44
Aside from that, the Expanded Rice Credit Assistance is also for farmers
01:48
who have minimal interest rates and minimum collateral requirements.
01:52
Aside from loans, there will also be a loan for rice training and extension services of more than Php 2 billion.
01:59
In the end, it is still in the hands of the President as to what he will be in terms of amendment to the Rice Clarification Law.
02:06
Daniel Manalastas for Pangbansang TV in Bagong, Philippines.
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