The Rice Tariffication Law (RTL) or Republic Act 11203 is designed to help both Filipino consumers who buy rice and the farmers that produce them. The law opens the Philippine rice market and places a minimum 35% tariff on imported rice. This means that while rice from other countries is cheaper, the tariff imposed on them would level the playing field for less efficient local producers. This stable supply of rice also helps lower rice prices for Filipino consumers.

The tariff revenues collected will go to the Rice Competitiveness Enhancement Fund (RCEF) and will be used to fund programs for farmers that will increase their yield and boost their income. There will also be allocations for the purchasing of modern farm equipment, high-yielding seeds, expanded credit assistance, and training for local rice farmers, among others.

Paid partnership with the Department of Finance

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