British Chamber optimistic for extension of lowered tariffs to assist in food security, inflation

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British Chamber optimistic for extension of lowered tariffs to assist in food security, inflation
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The Philippines recorded a 6.1% inflation in September 2023 which caused the Bangkol Sentral ng Pilipinas Monetary Board to raise interest rates to 6.50% to mitigate the risks of inflation.

The Philippines recorded a 6.1% inflation in September 2023 which caused the Bangkol Sentral ng Pilipinas Monetary Board to raise interest rates to 6.50% to mitigate the risks of inflation.

Moreover, Nelson emphasized how inflation affects food security and the significance of UK-PH trade relations through UK exports, particularly pork– with the Philippines being its second largest pork export market last year, in assisting with inflation and projected shortages. Furthermore, the British Chamber remains an advocate for a dynamic and vibrant agricultural sector in support of the Anti-Agricultural Smuggling Act to help reinforce the country’s agricultural policies.

Why is the numerically small ethnic Chinese minority in the Philippines—estimated to be no more than 2% of the Filipino...

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