Recent Update: The Philippines has extended its reduced tariff rates on imported pork until 2028. President Ferdinand Marcos Jr. issued an executive order on June 20 to keep the in-quota rate at 15% and the out-of-quota rate at 25%. Typically, these rates are 30% and 40%. Most U.S. pork enters the Philippines out of quota.
Purpose: The reduction aims to combat inflation, ensure sufficient commodity supplies, including pork, and stabilize prices, according to Philippine National Economic and Development Authority Secretary Arsenio Balisacan.
NPPC’s Response: The NPPC, actively working with both governments to enhance U.S. pork access in the Philippines, welcomed the extension. In May 2021, tariffs on U.S. pork imports were first reduced, significantly increasing export growth. The ongoing African swine fever battle in the Philippines makes these reductions crucial.
Significance: With a population of 114 million and a cultural affinity for pork, the Philippines is a vital market for the U.S. pork industry. Last year, U.S. pork producers exported over $109 million to the Philippines, ranking it as a top 10 market for U.S. pork.
