THE Philippine government has approved the additional importation of 805,200 metric tons of rice under the minimum access volume (MAV).
This was aside from the 500,000 MT earlier awarded to Vietnam and Thailand by the National Food Authority through government-to-government procurement scheme.
The NFA on Thursday issued the import guidelines under which traders are to bring in well-milled rice with a quality not lower than 25 percent brokens or any special variety.
Shipments, which should arrive not later than February 28, 2017, will be levied with a 35 percent tariff.
NFA said the importation was under a country-specific quota scheme covered by a 2014 agreement with the World Trade Organization, which allows the Philippines to provide minimum market access for rice imports.
